Dependents of active military personnel are being told that they can receive the 6% APR even when the dependent is the only obligor on an account. I thought SSCRA read that a dependent can receive the 6% if 1) they are an obligor on an account where the active military personnel is also an obligor on the same account or 2) [Section 536]if the dependent goes to court and show they are materially impaired by reason of the military service of the person upon whom the applicants are dependent. Is this correct?
I am looking for a "free" booklet or publication that gives guidelines for Record Retention Policies. My bank is small and I am trying to implement some written policy/procedures for a retention policy. My background is from a large bank that had written manuals for guidance. With the latest technologies for imaging documents I hope to eliminate unnecessary paper and the need for so much storage.
If you are looking beyond Money Smart, the FDIC's financial education program, you should visit the Financial Education Research Center developed by the Federal Reserve Bank of Chicago.
Late in March, Federal Reserve Board Chairman Alan Greenspan addressed the Federal Reserve System's Community Affairs Research Conference.
I was in my office working one Sunday afternoon (yes - Sunday hours are what happens when you go into business for yourself!) and I came on a serious scheduling problem.
We were to have sent in a reexemption on one of our customers in March. We cannot find a copy of the form and we are not able to tell from our records if we sent it or not. 1st How do we find out if we sent the form? 2nd If the form was not sent, do we now have to file CTR's for the entire year?
Speaking to the Independent Community Bankers of America, the Comptroller of the Currency suggested that there should be "an independent, professional, well-funded research effort" to redesign regu
By Joyce Goletz Heckman
Ed. Note: This training page is for the trainer...
The American Bankers Association and the American Bar Association recently held their 14th annual Money Laundering Enforcement Seminar.
The US Customs Service has implemented Operation Green Quest.