Every year we do a bake sale to raise funds for Breast Cancer Awareness/Local Hospital Foundation. Is this acceptable?
We ran a contest and no prize was over $300. We didn’t need to collect non-public private information from the winners since the prizes were small, did we?
Now that banks can participate in lotteries, can we facilitate raffles unrelated to the bank for local service groups- post lobby posters or sell tickets for or be a sponsor, etc.?
If my bank qualifies for, and opts into, the Community Bank Leverage Ratio (CBLR) Framework for our March 31, 2020, Call Report, can we opt OUT of the Framework at a later date?
Can we do an internal raffle (selling tickets for a chance to win a prize) to benefit a non-profit organization?
Have the October 2019 proposed changes for the Community Bank Leverage Ratio (CBLR) Framework been finalized?
Can we advertise a drawing on social media only?
We have a “spin the wheel” promotion. To spin, a customer must donate $1 that the bank donates to a charity. All the prize amounts on the wheel are more than $1 therefore all customers will get more than they donate. The amount won is then sent to the customer via our e-wallet app. We set a certain number of spins and it is done on a first-come-first-served basis.
Will opting-in to the Community Bank Leverage Ratio (CBLR) Framework change how my bank's assessment rate is calculated?
Has COVID-19 had any impact on the call report?