Is there a compliance issue anywhere stating financial institutions shouldn't list full account numbers in their online bank programs?
I am looking for a Universal Signature Card. Do you know if there are any
banks using this type of document for customers with multiple accounts.
I am trying to fill out the new CTR form and do not know how to do the boxes and blanks when a person comes into the bank and makes a deposit for a business. On the old form, we put the business name and EIN in the PART 1 section A and then put the person who conducted the transaction in Section B of Part 1. The new form #20 - is this info on the person that actually makes the deposit? I would think I check box 2c but then I do not know where to put the employee's info. I see the + - buttons at the top but do not know if this is when you use them. Any help would be great.
A bank sends out a customer statement to another person by mistake. Has the bank violated Reg P? If not, can you cite any exemption?
Does Reg E require us to list the full account number on the periodic statements, specifically those that are e-statements?
We are under a court order to provide the minutes of our Board Meetings and Loan Committee meetings. This request is with regard to a civil suit that we filed against certain officers and how they presented loans. The information requested would hold customer names that these officers did not service, and of course the nature of the request raises questions even to the courts viewing personal information, which may include account numbers, balances and financial situations that exist for a specific customer. Our attorney does not see the problem. We are a bank and having the bank's minutes spread all over an opposing attorney's office is not something with we feel comfortable, any thoughts?
Banks are consistently asked for loan account numbers and pay-off amounts by automobile dealers, insurance companies and other banks that wish to pay off trade-ins, submit insurance payments or to get accurate pay-offs when consumers are refinancing debt. How does the GLBA come into play when a bank receives these requests?
Can you point me in the right direction for the section of the Privacy Act that concerns the cessation of bank personnel putting account numbers on the back of checks?
The agencies have published new examination procedures for FCRA and the FACT Act.
Evaluating an institution's compliance with privacy requirements is one of those things that is simply difficult to get a handle on.