Most Popular Compliance Content
Dated/Outstanding Expense Check Under $50
08/04/2019
What can we do about a dated and outstanding expense check which is less than $50.00? We cannot locate the payee (an individual).
P2P Transactions Using Bank App on Phone
08/04/2019
A customer called to report two person-to-person (P2P) transactions as unauthorized. The transactions were done using a mobile phone and our bank app. The customer stated that she recently purchased a new phone and traded in her old phone. She also stated that she did not clear her old phone of personal information before trading it in. Our Digital Services User Agreement states that we (the bank) will not be held liable if the customer provides their password or other access info to any other person. Therefore, the customer's case was denied. Would we be in violation of Reg. E for denying this case? These were the only P2P transactions ever on this customers account, and the mobile login history shows a login on the date of the charges with one phone, then a login with a different phone a few days later.
The recent appraisal threshold increase
07/28/2019
I have been told the recent $500,000 threshold increase for real estate evaluations applies ONLY to commercial property. Is that correct?
Removing a Joint Owner from an Account
07/28/2019
We occasionally have customers who request to remove a joint owner from an account. We don't do this unless the other customer being removed is deceased. We have learned that some banks will allow this. What is your take on this topic?
Changes to Reg DD in the June 2019 Reg CC final rule
07/28/2019
What are the changes the rule will make to Regulation DD?
