Most Popular Compliance Content
Auditing ACH
01/01/2023
I am completing an ACH Audit and am stuck on Article One section 1.6. It states each non-consumer originator, participating DFI, Third-Party Service Provider, and Third-Party sender must establish, implement, and update, as appropriate, polices, procedures, and systems with respect to the initiation, processing, and storage of entries. What does the storage of the entries entail? It's not addressed in any of our policies and I am not sure what it should say.
Does a regulation’s Official Interpretation carry the same authority as the regulation itself?
01/01/2023
Do Official Interpretations in regulations carry the force of law?
What signage is required in a branch?
12/25/2022
I know that banks are required to have certain notices posted in their lobby. I believe they are as follows: - Equal Housing Lender (combined poster on Equal credit opportunity act and - Fair Housing Act - Home mortgage disclosure act - Community Reinvestment Act - Funds Availability Policy - FDIC insurance signs I am wondering if I am correct and where might be a good site to provide current wording for posters or sell them? Would there be any signage required from the Oklahoma State Banking Department that also would need to be in the lobby?
What is the first hold day for Reg CC
12/25/2022
When you put a funds availability hold on a deposit account does first business day begin the day of deposit, the next day, or next business day?
I don’t need to know banking law, do I?!
12/25/2022
Why do I need to know what actual bank laws say – I can just stick to the regulation, right? Isn’t the law for attorneys to read?