Most Popular Compliance Content
Significant Overhead for Banks and Credit Unions Caused by Regulatory Compliance Needs
11/17/2019
What is the need for Regulation E and who does it benefit?
Give Your Customers a Digitized Experience While Improving Your Organization's Regulatory Deficiencies
11/17/2019
How do the growing regulatory requirements impact financial institutions and their customers' experience?
Best Practice for Signature Cards/Name Change
11/17/2019
If a customer changes their name due to a marriage or divorce and we collect the appropriate documentation, why is it best practice to receive a new signature card?
Account Closing Survey: CAN-SPAM Rules?
11/17/2019
If our Bank is adopting an account closing survey and they want to send it to closed account customers by text and email, does this fall under the CAN-SPAM rules? They are only requesting feedback, there is no promotional material.
Reg DD-Advertising a CD Special on Rate Sheet
11/10/2019
When advertising a CD special on a rate sheet that will be provided to customers, and the ad only indicates the CD special product name with a statement that says, "ask us how to open your CD special," and nothing else, but the CD special has conditions and limitations that the regular CD accounts do not, should a bank disclose on the rate sheet what those conditions and limits are that differ from the regular CD products that are also listed on the rate sheet? There is a fully disclosed addendum for the special that covers the Reg DD disclosure requirements. However, this will only be provided if the special is opened by the customer. My concern is that if the customer only requests the rate sheet and doesn't open the account the customer will not receive the addendum or the full scope of the special on the rate sheet and this may be a little misleading if the customer comes back at a later date to open the special and they find out there are conditions to be met on the product.
