Most Popular Compliance Content
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?
Internal raffles matter
08/30/2020
Can we do an internal raffle (selling tickets for a chance to win a prize) to benefit a non-profit organization?
1099 Required for a $50 Refer-a-friend Bonus?
08/30/2020
We are trying to develop a Refer-a-friend program. We will offer a $50 bonus" for referring customer and a $50 bonus for the referred customer once the account is opened with direct deposit and they use a debit card a predetermined number of times in 60 days. We have a third party company that tracks referrals and bonuses which is trying to tell me I don't have to 1099 anyone because we're not paying the bonus at account opening - we're paying the bonus for meeting the qualifications of the program. Is a 1099 required for a $50 refer-a-friend bonus?
Aggravated ignorance doesn’t void a Reg E claim
08/26/2020
Why can't we hold a customer or member liable for having the PIN with the card?
2020 Banking Alert: New Capital Rules
08/23/2020
Have the October 2019 proposed changes for the Community Bank Leverage Ratio (CBLR) Framework been finalized?