Most Popular Compliance Content
Facebook and Drawings
08/22/2021
Can we advertise a drawing on social media only?
BSA requires annual training?
08/22/2021
Does BSA require annual training?
If it’s a CMP, once is enough
08/15/2021
How often are non-mortgage loans involved in fair lending violations?
Tracking Notice Letter Distribution
08/15/2021
What are common ways to track the distribution of notice letters?
Reg CC Guidelines for a Timely Notice
08/15/2021
Under Reg CC, I need assistance in regards to when a notice must be mailed to a customer for an ATM deposit. To detect and prevent fraud losses, our detection teams currently review ATM deposits made to an account on the same day of deposit, but prior to posting to a customer's account or prior to our processing area posting it to a customer's account. After nightly posting by our core system, when transactions are posted and services are updated for the next day's work, holds are then applied to the account (early AM time, Day 2). Reg CC notices are mailed the following day after the hold is applied. Does this fall within the Reg CC guidelines for a timely notice or since we reviewed the deposits (prior to posting) do we have to send a notice the following day, basically the same day the hold is applied to the account?