05/16/2021
Is there a general rule, or specifically for the state of illinois, how long do we need to hold statements and account notices that were returned to do an invalid address for the customer?
05/16/2021
Is there a general rule, or specifically for the state of illinois, how long do we need to hold statements and account notices that were returned to do an invalid address for the customer?
06/07/2020
We have a customer that wants to opt out of email/mail and telephone contact with us. In fact we have no telephone number on file to contact him. He doesn't want emails or letters. My question is, are we required to comply with requests for opt out to include postal items and email?
10/27/2019
When mailing statements, notices, etc. for a custodial account, would the mailing address be the address of the minor or the custodian? Can a mail "in
care of" be set up so that the mail goes to the custodian or does it have to be mailed to the minor?
04/22/2013
Our CD (Bankers System copyright) has the language: <i>We may change any term of this agreement. Rules governing changes in interest rates have been provided. For other changes we will give you reasonable notice in writing or by any other method permitted by law. If any notice is necessary, you all agree that the notice will be sufficient if we mail it to the address listed on page one of this form. You must notify us of any change.</i> Does this allow us to change our early withdrawal penalty by a mass mailing to all of our CD customers with a 30-day notice of the change? Also, do we need to be specific by account or can we just provide a chart that shows all of the new penalties?
04/09/2013
Must we tell our customer about an exception hold before notifying him by mail?
11/26/2012
For Reg D purposes, is there any where I can go to get sample letters/notices sent to customers to notify them of excessive withdrawals on their savings account?
10/22/2012
We are starting up a new debit card program. I need help on what policies I need to make sure that I include in our debit card program. Prior we only offered ATM cards. What disclosures do I need to be mailing out? I figured I needed to mail out new EFT disclosure and Reg E disclosure. What kind of offline limits do I need to set for our customers? Is there a Regulation on that?
09/17/2012
If a bank does not place holds on deposited items, is a Regulation CC disclosure required since it is not the policy of the bank? This bank sends any questionable check item for collection via mail.
07/02/2012
At what point in time is an account considered "opened" for Reg DD purposes? When the consumer sits down at the desk and begins the process? When the Signature card is signed? When the first deposit is made? Currently, we provide the disclosures as part of the opening process, but not at the beginning of the process.