Most Popular Compliance Content
Is our Drawing a Lottery?
05/24/2020
If we have a situation where your name goes into the "hat" if your customer or a referral you made opens an account or deposits $50,000 new funds into the bank, when the prescribed period is over a drawing will be made for a prize (example $500 gift card), this would be a lottery, right?
New Reg D Regulation Changes for COVID-19
05/24/2020
For the new Reg D regulation changes for COVID-19 in which withdrawal limits are waived, does the bank have to provide a notice of change within 30 days of the change or not? Is the notification requirement waived if the change is temporary and/or the change is permanent?
Advertising a Drawing
05/17/2020
Can we advertise a drawing on social media only?
Stopping payment on other official checks
05/17/2020
Are loan disbursement checks, escrow checks and accounts payable checks "official checks"?
Jointly payable Treasury check—one deceased
05/17/2020
Can a Treasury check payable jointly (two payees joined by an “&”) be negotiated if one of the payees is deceased, and the executor of his estate is the surviving co-owner of their joint deposit account?