Latest Compliance - Internet/ebanking Banking Topics

Comptroller Hawke advises banks that Truth in Savings is an example of the industry's failure to address the underlying concerns on its own.

The long-awaited Q&As for CRA are out. Now the question is: what do they actually say? Here the news is a bit disappointing. They don't actually say much.

Question: The tier II exemption procedures for BSA appear to use a different definition of transaction accounts than that in Regulation D.

I just had an experience that put customer service (and some compliance) to the test. I went with my son to open a checking account. For the first time, I didn't have to be on the account.

The new booklets that include information about the most recent changes to FDIC deposit insurance are now available. This is something that the FDIC makes available at no charge.