Most Popular Compliance Content
Question & Answer
11/01/1999
Question: What is "reasonable cause" for determining that a check may not be paid? And, more important, how do we disclose this to the customer?
FRB Raises High Cost Loan Cut-Off
11/01/1999
Effective January 1, 2000, the definition of a high cost loan will involve a little more money. The FRB has published the new amount to be $451.00.
Don't Overlook Private Banking
11/01/1999
Rick Small, the FRB's guru on Bank Secrecy, recently testified before the Senate's Permanent Subcommittee on Investigations, Committee on Governmental Affairs.
Training Tip: Dealing with Sleepers
10/01/1999
If you want to reinforce the importance or utility of compliance training, throw a trick question (or two) in staff meetings to the people that nodded off in the last training session.
FRB Shows The Way To E-Compliance
10/01/1999
The Board of Governors of the Federal Reserve System ("FRB") met on August 18, 1999 and decided to publish for comment a second draft of proposed rules for electronic disclosure.