We are signing a merchant services contract with a third party. They have a service where the bank can share transactional data of customer accounts to determine if the commercial account it utilizing another card processor. I was under the impression that we did not have to disclose to our customers if we were only sharing commercial account info. Am I correct on this?
What does an electronic pipeline management system do?
If a member has collections and chargeoffs on their credit report and they want to payoff one or the other, paying off which one will help their credit score the most?
If my bank qualifies for, and opts into, the Community Bank Leverage Ratio (CBLR) Framework for our March 31, 2020, Call Report, can we opt OUT of the Framework at a later date?
Can we do an internal raffle (selling tickets for a chance to win a prize) to benefit a non-profit organization?