Most Popular Compliance Content
Reg E is “use dependent”
03/19/2023
I have heard that business accounts do not fall under Reg E. How does this apply to internet banking and what about a business account that is a sole proprietorship?
What is “Abusive,” technically?
03/19/2023
In terms of UDAAP, what makes something “Abusive”?
Using ASMs Alerts for High-Risk Reviews
03/19/2023
Can I solely rely on alerts from my automated surveillance monitoring system to conduct my high-risk reviews?
Seeking Expedited Fraud Dispute Form
03/12/2023
I attended a great training webinar presented by BOL Guru Brian Crow on Mastercard vs Reg E rules. During the presentation he mentioned three Mastercard chargeback forms the bank could use in lieu of a signed cardholder document. Our operations department located two of the three. My question is, to inquire about the document form number for the "Expedited Fraud Dispute Form".
When to do CDD on loan app
03/12/2023
For loans that take months from application to closing, at what point would you recommend collecting updated Customer Due Diligence? My initial thought is that as long as the loan had not closed, we can rely on the information from the previous 90 days, but would want to verify/update after that period, and I am having difficulty finding guidance on specific timing.