Most Popular Compliance Content
Timing is everything on beneficial ownership
04/16/2023
When do our business customers register?
Overdraft services will continue to be a target for regulatory scrutiny in 2023
04/16/2023
Did you know that Overdraft programs and the fees associated with them are a focus of the Regulators in 2023?
Do your new account and TISA disclosures contain subjective and/or unclear language in how overdrafts are processed and handled at your FI?
04/16/2023
FIs that have not taken the time to look at fees through the customers eyes run the risk accusations of illegal junk fees, abusive practices, and unfair standards to consumer.
Verifying Cashier's Checks
04/16/2023
Is there any central contact or easy way to contact larger banks like Bank of America as an example, with a telephone number to verify the validity of a Cashier's Check issued by them. Local branches typically give us "everyone is busy" or it just can't be done. How do smaller community banks verify these if not by phone?
Business Account Registration Requirements
04/09/2023
When opening a business account, is it required that a bank have the company register with the state that the bank is located in? For instance, we see quite a few companies that are registered in Delaware but the company also operates in Tennessee. I know they should register with the Secretary of State in TN, but is it the banks responsibility to manage that process and make them do it before we open an account for them? Will any of this change with the new beneficial ownership rules?