Most Popular Compliance Content
Credit Bureaus on Guarantor
04/13/2009
If, after being contacted, the guarantor does not cure a delinquency on a commercial loan are we allowed to report negative information to the credit bureaus?
Calculating Compliance Risk to Foreign Corrupt Practices Act (FCPA)
04/13/2009
How can the bank determine its compliance risk to the Foreign Corrupt Practices Act (FCPA)?
Regs Governing IOLTAs, IRETAs & Funeral Trusts?
04/13/2009
Are there any federal regulations that govern IOLTAs, IRETAs and funeral trusts? Do individual states have laws that govern these accounts? One of the departments we generally perform compliance testing on for escheat and court blocked accounts accepted responsibilities for these three new areas and we would like to confirm what additional compliance testing needs to be done.
Reg Z - Website Disclosures
04/06/2009
Our bank is preparing to provide a blank real estate loan application on our website which the applicant can print off, manually complete and bring into the bank. Do we have to provide a CHARM booklet and loan program disclosure on our website with the blank application?
Minimum Beacon Score Guarantees Account Opening?
04/06/2009
When opening deposit accounts, our bank uses a minimum Beacon. Our system will automatically decline the account or the individual signer if their Beacon score is below our set minimum. We would then provide the appropriate adverse action notice. Our branches seem to think that everyone who has a Beacon Score above our minimum is automatically guaranteed a checking account regardless of any other factors. I know that if we use anything on that credit bureau report to make our decision we will have to give an adverse action notice, but can't we still use factors over and above the minimum score?