Most Popular Compliance Content
Identifying beneficiary’s in the bank’s records
07/24/2022
Must beneficiaries of informal revocable trust deposits (POD accounts, for example) still be identified in the bank’s records?
Loan Origination Systems
07/24/2022
What is the primary function of a loan origination system?
Holding Less Reg CC Funds
07/24/2022
Regarding Reg CC and Next Day Availability, does the bank have the authority or flexibility to release an amount larger than the $225 required by the regulation? For example, if a $10,000 check is deposited in a consumer's account, can the bank release an amount such as $2,500? This would include $2,275 in addition to the $225 required by the regulation.
Affidavit of Fraud and E-SIGN
07/17/2022
Can someone tell me if a bank still has to obtain a original wet signature on a affidavit of check fraud or can it be a signature that we obtained via fax, email, or DocuSign?
Dispense Errors and Reg E
07/17/2022
If a customer completes a transaction at our ATM and money is not dispensed, is this considered a Reg E issue? Similiarly, if a customer completes the transaction and our ATM dispensed the funds but the customer forgot to take the cash, is this a Reg E issue?