How can I calculate APR without manual or guide? Is it possible to get a short cut to calculate the APR?
Can we exempt a company that is Canadian owned but does business throughout the US? This company does numerous $10,000 plus cash transactions on a daily basis. They are privately owned and not on any major stock exchange.
In Advisory Letter 2004-10, the Comptroller of the Currency advises national banks on credit card marketing and account management practices that may be unfair or deceptive.
The Comptroller of the Currency has announced his retirement from government service.
I was told the regulators will be viewing our account owners which perform check cashing services and ensuring that we document that they have CIP procedures in place. Is this required and could you provide a cite?
With respect to an on-us check payable to cash in an amount over $10,000.00 and presented by a non-account owner or authorized signer, does the CTR have to be completed for the owners of the account as well as the person presenting it for encashment? Or, does the CTR need to be completed just for the person presenting the check?
Does one have to have 12 months of activity to exempt a gas station or a convenience store operation from CTR filings daily? </strong>
With respect to the new CTR form 104 - have you received any negative feedback about the efiling requirement that for multiple foreign currencies, list the largest foreign currency amount and country, but when printing the form, the multiple foreign countries and currency amounts should be listed in Item 36 Other? For printing purposes, would this mean that there shouldn't be more than 4 types of foreign currency listed, since Item 36 only consists of three lines?
Federal regulators have some fancy tools and the Comptroller of the Currency plans to use his. The tool in question is federal preemption.