Most Popular Compliance Content
OFAC and a Deposit Beneficiary
04/23/2023
Should an OFAC be run on the beneficiary of a savings or checking account?
Requirement to Verify a Beneficiary
04/23/2023
Are there any specific requirements that we verify that a beneficiary is a natural person, charitable organization, or other non-profit entity for purposes of complying with 12 CFR 745.4(c)&(d) - beneficiary of a trust?
Can we register now?
04/23/2023
Does my business customer have to set up on BOSS now?
Unchecked fee income practices with NSF and Overdraft Fees are a HUGE UDAAP issue.
04/23/2023
Has your FI reviewed and adjust fee income for Overdraft and NSF items?
Ledger balance vs. available balance
04/23/2023
Do you know how your automated overdraft program set up? Which balance is being used to determine the paying of NSF items and the fees charged?