Most Popular Compliance Content
Billboard ad info needed
12/06/2004
Concerning Reg. DD...I have an ad that features a X.XX% APY to be collected on a checking account balance. However, if the checking account balance exceeds $10,000 that APY drops to Y.YY%. Is it necessary to include this change in APY based on account balance in outdoor advertising such as billboards and banners? The advertiser argues that it is not necessary because it is not a 'minimum', however the compliance officer argues that it is required to list the requirements because Reg. DD part (c)(3) is not an exemption for billboards and banners. How should we proceed?
Timing of Insurance Disclosures
12/06/2004
Should the Federal Sale of Insurance Disclosure be given to customer at the time of application, or once the loan has been approved? What if the loan is declined?
Check 21 Disclosure Question
12/06/2004
I read the article from BOL entitled "Minimum Compliance Requirements Version 2-Updated March 2004". We currently provide image statements to all our customers. We do not plan to produce substitute checks, therefore will only be giving a copy of a check or a copy of a substitute check upon request of a customer? Does a copy of a substitute check require a customer awareness notice also?
Can I make a copy of an SSN card?
12/06/2004
Is there a Regulation against making and keeping a copy of a customer's social security card?
New company wants to comply with SOX
12/06/2004
We are a new publicly traded company (a Texas bank holding company). What do we need to be in compliance with Sarbanes Oxley?