Most Popular Compliance Content
Sending Notices Electronically
04/13/2009
Do we need E-SIGN agreements to send notices such as overdraft notices, late loan payment advisories or loan maturity notices electronically?
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?
Website Disclosures Implementing E-SIGN
04/06/2009
What disclosures need to be posted on our website for customers to receive their statements electronically and be in compliance with E-SIGN?
Extending IT Compliance Coverage with Fewer Dollars
04/06/2009
How can the bank maintain or even improve its information technology related compliance posture with fewer dollars to spend?
Mortgage/ARMs on the Web
04/06/2009
We want to make mortgage loan applications available on our internet banking website. What are some of the issues we need to prepare for?