For employment purposes, where can I find a list of bankers that have been banned from banking?
Our Bank policy is not to pay probationary employees for holiday pay, citing this as an employee benefit, which probationary employees are not entitled to. I believe this is not correct and that these employees should be paid. Can you help me with this issue?
I have an employee applying for a small consumer loan. Our loan fee is only $50 and we used to waive that fee for employees. I'm now being told it is against the Fair Lending Act to waive an employee fee. Is it a compliance violation to waive an employee (non-officer) loan processing fee?
I know banks cannot advertise or promote a lottery or raffle but can an employee who is involved in a non-profit organization sell raffle tickets to other employees on bank property?
I am reviewing the bank's required signage and came across the 5-in-1 Employment poster. I am reading that it is required to be visible to job applicants and employees and the poster should include 5 parts, and if not in a combined poster, individual signs must be posted in the manager's office or lobby. We currently have ours in the break room, which is visible to employees but it is not to job applicants. Would you recommend getting another poster for the bank's lobby as well?
I overheard an employee recommending to a customer to deposit part of a deposit one day and the rest of the money the next day, therefore avoiding the filing of a CTR. What action would need to be taken on this employee? I need to make sure that all the bases are covered and all the reports needing filed are filed.
My customer mailed a check to their employee. The employee had moved and someone else cashed the check. My customer gave their employee the money for the stolen check. My customer wants the bank to credit his account and return the check because of the forged endorsement on the back of the check. This took place over 4 weeks ago. It is my understanding the check can be returned up to 36 months later when dealing with forged endorsements of the payee. Is this correct?
Must we tell our customer about an exception hold before notifying him by mail?
When training bank employees, what is the minimum training allowed? We are getting a new core this year and it is going to monopolize a lot of time training for it. We want to stay within the legal guidelines and maintain a curriculum, but need to streamline it for core training purposes.
The Audit Committee just hired an internal auditor, and the auditor is an FTE on the bank's books. How do banks achieve independence, (besides the audit charter), when the internal auditor is an employee of the bank? Is it unreasonable that the internal auditor would be subject to employee policy (handbook)? Administratively, whom should the internal auditor report to and to what extent? The rules of internal auditor independence, (banks under $500 mill) are black and white, but don't seem practical in reality. The new auditor is a rookie and is very concerned that in some way he will be asked to do something in contrast to what he is reading and researching about the internal auditor. We are struggling to strike the balance.