Most Popular Compliance Content
Help From FDIC
02/01/2001
Looking for materials to use for customer education? FDIC is releasing a curriculum designed for this use.
CRA in the Sunshine is Not CRA
02/01/2001
Your regulator wants you to know. CRA in the Sunshine is a technical compliance regulation. It is not a part of CRA.
Early Withdrawal Penalty Requirements For CDs -- Bankers Systems
01/16/2001
What are the early withdrawal penalty requirements for certificates of deposit?
Six Months to Report a Forgery
01/15/2001
We frequently have customers who wait 6 months to report forgeries. Our procedure has been to return the item at that time to the depositary bank. (We normally give the customer a refund) It is my understanding that we must return items according to Reg. CC, and this is much too late. Please tell me what we should be doing when this happens? I am new to compliance, but this does not seem like the correct way to handle forgeries. Our deposit agreement states that the customer should examine their statement within 30 days. I know that the customer has one year to report a forgery and three years to report a forged endorsement.
Privacy and Thumbprint Signature Programs
01/15/2001
I'm interested in learning about banks who use the Thumbprint Signature Program as part of their account opening procedures. Are there any legal or discriminatory issues we need to be cautious about. I am presenting the Thumbprint Signature to our Senior Mgmt and I'm curious if any other financial institution is using the program as part of their new account procedures. We'd like to incorporate this and I'm trying to determine if we are in any violation of compliance or civil rights codes.