What is a "security committee"? We already have BSA, Compliance, Human Resources, Audit and Executive Committees.
Are directors required to receive annual training on Reg CC?
We qualify loan applicants based on gross income. Our credit officer says that tax free income from SSI or VA Disability is the gross income and shouldn't be grossed up. I say the income is net and should be. Who's right? If we don't gross tax SSI up, are we discriminating?
Is there a regulation stating that a government issued check (i.e., tax refund check) needs to be deposited into a joint account, or if a customer wants to cash the check, that both parties be present at the time of cashing?
Will a written policy be required addressing the risk-based pricing regs effective 1/1/11?
Does the bank have to do an OFAC check on checks that they write, or on contributions, bills, etc.?
When does the revision to Reg P about privacy policies go into effect?
Can you define the role of the lending compliance officer? Is it the lending compliance officer’s responsibility to see that internal lending policies are being followed and should they be responsible for keeping the policy updated?
I have been told that we must have a board approved policy regarding compliance with Reg GG. I cannot find that requirement in the Act. Is this true?
Regarding the Prohibition on Funding of Unlawful Internet Gambling, are we required to send our existing commercial customers a notice about Reg GG?