Give Your Customers a Digitized Experience While Improving Your Organization's Regulatory Deficiencies
How do the growing regulatory requirements impact financial institutions and their customers' experience?
What is the most common problem with using paper forms to process a Reg E Claim?
What causes banks to deny Reg E error claims? And is it correct practice?
When advertising a CD special on a rate sheet that will be provided to customers, and the ad only indicates the CD special product name with a statement that says, "ask us how to open your CD special," and nothing else, but the CD special has conditions and limitations that the regular CD accounts do not, should a bank disclose on the rate sheet what those conditions and limits are that differ from the regular CD products that are also listed on the rate sheet? There is a fully disclosed addendum for the special that covers the Reg DD disclosure requirements. However, this will only be provided if the special is opened by the customer. My concern is that if the customer only requests the rate sheet and doesn't open the account the customer will not receive the addendum or the full scope of the special on the rate sheet and this may be a little misleading if the customer comes back at a later date to open the special and they find out there are conditions to be met on the product.
Do we have to close NRA interest-bearing accounts if we do not have FTIN?