Most Popular Compliance Content
Tx Specific Deposit Forms
10/02/2022
This is actually Texas specific, but I need help. Does the Uniform Single- Or Multiple-Party Account Form apply to sole proprietorship accounts? I cannot find a clear answer on the applicability to this account or entity type.
Don't make this CRA mistake!
10/02/2022
What's the worst mistake a bank can make regarding the CRA?
A bank's most important CRA decision
10/02/2022
What is the most important CRA decision a bank makes?
Time Limit to Recall ACH
10/02/2022
Our credit union received a request for a return for an ACH transaction that was made in error. The request was sent to via fax on 9/1/2022. The original transaction was dated 7/22/2022 and is now outside of the return time frame. Is the CU required to honor this return and, if so, is it acceptable to honor a fax'ed request? We are under the impression that it would need to go through the Federal Reserve. Any advice that you can offer would be greatly appreciated.
Chargeback Rep Payee Returned Check
10/02/2022
If we cashed a third party check for the customer who has a Rep Payee account and the check comes back as fraud, are we able to charge that check back to our customer's account since it is a Rep Payee account?
