Most Popular Compliance Content
NCUA Regulation: Closing Out Members Relationship
09/22/2019
The NCUA has a regulation that will not allow a Federal Credit Union to close out a members relationship without being approved by the NCUA Board. However, the FFIEC manual allows for an institution to close out a member due to multiple SAR's. Does the FFIEC Regulation supersede the NCUA regulation that requires approval before closing out a relationship?
Backer Info Required on Archived Loan Statements?
09/22/2019
Is it a requirement that all archived loan statements have the "backer" information on it meaning the Reg E language, bank logo, copy of paid checks, etc...?
Letter Template for Legal Issues
09/15/2019
Do you have a form letter template or suggested text that can be used when we receive a legal issue from outside a jurisdiction we would otherwise have to honor, stating we will not be responding and that legal issues must come from our areas we are subject to?
Written Notification- Credit for Unauthorized ACHs
09/15/2019
Are financial institutions required to give written notifications to customers when the bank gives credit for unauthorized ACHs?
Printing Acct. Statements for Deceased Customers
09/15/2019
We occasionally have customers that have passed away and have no beneficiaries on the account. Do we have to continue to print their account statements monthly or can we change it to print annually?
