Do the Reg O overdraft limitations apply to checking accounts that the executive or director signs on, but has no ownership of the funds (excluding related interests)? For example, an account that he/she is Trustee of or an account that requires his/her authorizing signature on the check.
If a customer comes into the bank and uses his money market account to purchase a cashier's check payable to a third party, will that count against the maximum number of withdrawals the customer can make from the account relative to regulation D?
When we do a consumer loan extension, does Reg Z apply and a new fed box need to be disclosed? We've previously used extension agreements for adjusting rates, exchanging collateral, moving maturity and payment dates. Our software recommends a new loan be done to comply with Reg Z and the fed box disclosure.
Has the FFIEC or any of its member agencies recommended specific vendors or solutions for multi-layered or second factor authentication?
Does completion of the standard annual IT risk assessment make me compliant for the FFIEC Guidance, Authentication in an Internet Banking Environment?