Most Popular Compliance Content
Identifying beneficiary’s in the bank’s records
07/24/2022
Must beneficiaries of informal revocable trust deposits (POD accounts, for example) still be identified in the bank’s records?
Loan Origination Systems
07/24/2022
What is the primary function of a loan origination system?
Holding Less Reg CC Funds
07/24/2022
Regarding Reg CC and Next Day Availability, does the bank have the authority or flexibility to release an amount larger than the $225 required by the regulation? For example, if a $10,000 check is deposited in a consumer's account, can the bank release an amount such as $2,500? This would include $2,275 in addition to the $225 required by the regulation.
Conditions for customers making EFT claims
07/24/2022
When Reg E does apply, what kind of requirements can we place on the customer? Can we require that they file a police report or prove they have attempted contact with the merchant first?
Responsibility for managing garnishments
07/24/2022
Who should be responsible for managing the bank’s handling of garnishment orders?