Most Popular Compliance Content
No Exemptions for SARs
03/01/1998
There are presently two procedures for exempting customers: those listed on the stock exchange can be exempted with a $0 CTR.
Answers on TIL Enforcement Policy Guide
03/01/1998
The bank regulatory agency task forces have been hard at work. This year, they issued answers to some frequently asked questions about the TIL enforcement policy.
Question & Answer
03/01/1998
Question: We have just done a compliance audit and found inconsistencies on flood insurance, particularly for mobile homes.
$424 becomes $435
03/01/1998
If your institution offers "high cost" mortgage loans, the Federal Reserve Board has adjusted the measurement from $424 to $435.
Where, Oh Where is the KYC Rule?
03/01/1998
They are still working on it. Although Rick Small, FRB, assured us that it would be out before the end of 1997, he is now promising it before the end of 1998.