Most Popular Compliance Content
Customer Violates Reg D for a 3rd Time
08/25/2019
When a customer violates Reg D for the third time, we take away whatever was abused; such as internet transfers, ACH etc. Can we give what we took away back to the customer or is it gone for good, or do we not take away something and just close the account? I'm not sure what is a best practice.
Opening Professional Limited Liability Company
08/25/2019
We have a customer wanting to open an Professional Limited Liability Company. What should the bank get for documentation? Do we need the Admission to Transact Business and Articles of Organization?
CD Product with All Interest Paid Up Front
08/25/2019
Our bank is exploring the idea of a new CD product in which all the interest is paid up front on the date of initial deposit. In the case of early withdrawal, are we able to deduct the penalty from the principal since there would be no interest accruing during the CD term?
Business Checking-2 Signatures for Stop Payment?
08/25/2019
If a customer has a business checking account in which they require two signatures on checks, are we required to get two signatures on stop payments or will one suffice?
Reg D Apply to Savings Used as Security for Loan?
08/18/2019
Does Reg D apply to a savings account that has been used as security for a loan?
