Most Popular Compliance Content
CFPB Holds Financial Institutions Accountable
12/01/2019
What were financial institutions cited for in the CFPB's supervisory highlights?
Correct Timelines Need to be Adhered to According to CFPB Supervisory Highlights Publication
12/01/2019
Is waiting to begin the Reg E Dispute investigation penalizable?
Guidance on Safe Deposit Box Keys
11/24/2019
With fewer and fewer employees available to access dual control we're considering putting a small number of safe deposit box keys into a working supply. What guidance can you give me on this?
Owner of Entity Completing Transaction-CTR Form
11/24/2019
On a CTR form, if the transaction is being completed by the owner of an entity do we check Person conducting transaction on own behalf in Part1, Person Involved in Transaction?
Customer Writes Check from Bank A/Deposits Bank B
11/24/2019
We have a customer who writes checks from his account at our bank (Bank A) and deposits them at Bank B. The account is overdrawn every morning. He then wires money from Bank B back to Bank A to cover the overdraft. The account is not being used as a business operating account. Each day the amount involved gets larger. How should we address this? Is there a specific Regulation we can site for closing the account?
