Most Popular Compliance Content
Merchant Services Contract with a Third Party
09/06/2020
We are signing a merchant services contract with a third party. They have a service where the bank can share transactional data of customer accounts to determine if the commercial account it utilizing another card processor. I was under the impression that we did not have to disclose to our customers if we were only sharing commercial account info. Am I correct on this?
Account Number for CTR Item 22
09/06/2020
In a webinar I attended earlier this year on Levies it stated, “Levy proceeds must not be reduced by any fee charged by the bank for processing the levy.” Would this rule apply to levies at the state level such as from the State Comptroller office or for Child Support?
Electronic Pipeline Management on Commercial Loans
08/30/2020
What does an electronic pipeline management system do?
Collections/Chargeoffs on CR-Credit Score
08/30/2020
If a member has collections and chargeoffs on their credit report and they want to payoff one or the other, paying off which one will help their credit score the most?
Can You Opt In AND OUT of the New Capital Rules Framework?
08/30/2020
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?