If a bank offers an existing customer an outdated EFT disclosure (with incorrect POS dollar limitations) upon applying for a new service (debit card) are they in compliance as long as it doesn't adversely affect the customer (the limit is actually higher than disclosed)?
Can you tell me what law regulates Elder Financial Abuse? We have been contacted several times about training, but I have searched both the FDIC site and The Georgia Department of Banking and Finance site and I can't find any requirement for training of bank employees on Elder Abuse. Before I hire someone to come in and train our staff, I would like to read the law/regulation and what is required and what agency requires it.
Is it possible to have an UTMA account (MT) that lists more than one minor on the account? We are aware of the limitation of only one custodian, which there is, but this custodian wants to open a CD listing all three minors as the owners of the funds.
I'm preparing my compliance training sessions. Where can I find training materials such as videos related to insider trading, among other banking topics?
Is the second review of declined mortgage loans a regulatory requirement or a Fair Lending best practice? If required, what regulation? Would the review be applicable to loans auto-declined by a credit scoring system?