Most Popular Compliance Content
What is a Thrift?
03/09/2009
Can you tell me the definition of a thrift? I was recently hired by a financial institution that is classified as a thrift and I have had customers ask me what a thrift is.
Address Discrepancy Credit Report
03/09/2009
We are having a difference of opinion on this topic at our institution. When you are taking an application from a new consumer and receive an address discrepancy alert on a credit report, are you required to address that alert if you decide not to extend credit and a denial is sent?
Reg CC Hold Confusion
03/09/2009
We have a 2:00 PM cut off time. Based on the Reg CC guidelines we should begin counting hold periods the first business day after the deposit date. If I accept a check for deposit that requires a two business day hold on Monday at 3:00 PM, do I begin counting on Tuesday or Wednesday?
NSF Fee Change Notice
03/09/2009
We are getting ready to change our non-sufficient funds (NSF) fee. What obligation do we have to notify our customers besides them getting the NSF notice after the check has been returned or paid?
New TILA Pre-Disclosure?
03/09/2009
I have heard that a new truth in lending pre-disclosure will be required next year, but I don't see anything about it in the regulation. Will this be required and if so, where is it stated?