Most Popular Compliance Content
Deposit Incentive
11/24/2008
We are considering paying a referral fee for new deposit accounts. Instead of paying the customer or the person making the referral, we'll make a donation to a charity of their choice. Are there any compliance issues with this?
In Branch Advertising
11/24/2008
Our grocery store branches have limited floor space. During the day they can move some signs to the walkway in front of the branch and at night, pull them back in before the gate is lowered. For ease of use and to vary the product offerings they are using whiteboards and people with really nice penmanship. What compliance problems are there with whiteboards?
To Whom Should Compliance Officers Report?
11/24/2008
As a compliance officer, I have been accustomed to reporting to the audit committee. Since a recent merger, the president wants me to report directly to him and has taken the audit committee out of the mix. Also, the compliance officer was always appointed by the audit committee, but the president has also decided he will appoint or hire the compliance officer. Does this take away the independence of the compliance officer?
Reg O Reporting - Standby Letter of Credit
11/24/2008
Does a standby letter of credit need to adhere to Reg O reporting?
GLBA and Customer Information
11/24/2008
Banks are consistently asked for loan account numbers and pay-off amounts by automobile dealers, insurance companies and other banks that wish to pay off trade-ins, submit insurance payments or to get accurate pay-offs when consumers are refinancing debt. How does the GLBA come into play when a bank receives these requests?