Most Popular Compliance Content
Garnishment of CD Pledged to Loan
09/25/2022
We have a certificate of deposit pledged to a loan. The CD amount exceeds the loan balance by a couple thousand dollars but the original hold was even greater as the loan originated at 60% of its original amount. We recieved a garnishment which will include this CD. Are we obligated to decrease the hold amount to the balance of the loan on the date of receipt of the garnishment and send the excess funds to the court or does the full amount of our original hold superceed this, meaning we would report there are no funds available? I am in Oklahoma if it is a state law issue.
Reporting Multiple Property Loans
09/18/2022
For HMDA purposes, when you have multiple properties as collateral, are all properties included in the value even though only one address is required?
Is not receiving the merchandise a valid Reg E claim?
09/18/2022
If a customer sends a Zelle or other platform for a P2P to purchase a cat for example and they never receive the cat. We generally deny the dispute because they authorized the payment but from what I am hearing since they did not benefit from it we should accept the claim and take the loss?
CD penalties and waiving them
09/18/2022
Can we waive a CD penalty?
Intermediate-Small banks should file CRA activity
09/18/2022
Is there any reason why an Intermediate-Small bank should voluntarily file its annual CRA activity?