Most Popular Compliance Content
Stolen Check Info Requires SAR?
04/14/2024
If using a software program, we become aware of a check drawn on our customers account is for sale on Telegram (a marketplace for help depositing a stolen checks) and it is over $25k would a SAR be required? We froze the item and to our knowledge the check was not purchased or negotiated.
FCRA – Permissible Purpose
04/14/2024
Why is a permissible purpose needed to get someone’s credit report?
Are Cash Advances Required
04/07/2024
Can a bank offering cash advance services through Mastercard choose to stop offering that service?
Revoking Provisional Credit That Isn't There
04/07/2024
According to Reg E, if I need to reverse provisional credit from a customer and they do not have the funds in the account in the amount of the reversal, can I proceed even though it will leave the account in the negative? The customer has been notified verbally of the reversal and I will send the reversal letter via mail, but they have made no attempt to deposit the money to cover this. Can I proceed, regardless of if the funds are available and still be in compliance?
Common violations may surprise you
04/07/2024
What are some of the more common violations examiners find today?