Most Popular Compliance Content
Lending DDA Funds
03/10/2008
Can banks lend DDA funds? I was under the impression that DDA accounts were not lended or invested.
Using CML LOC as Overdraft Protection
03/10/2008
Can a corporation or business use CML LOC as overdraft protection?
Five Reasons for Identity Verification in 2008
03/03/2008
What factors compel identity verification (ID verification) in 2008?
Reg Q - Paying Interest during the Grace Period
03/03/2008
Our bank discloses in the customer contract that it does not pay interest when closing a renewable CD in its 10 day grace period. However, if the bank pays interest during the grace period for a closing withdrawal on an exception basis would that be considered a violation of Regulation Q?
Credit Card Reapplication Denied - Adverse Action?
03/03/2008
If we close a credit card due to delinquent status and then ask the borrower to reapply to reopen their account and they do not qualify upon the new application, do we send an adverse action notice? Would we mark the spot "we regret that it is necessary to terminate your line of credit"?