Most Popular Compliance Content
Shutting Down a Revolving LOC - Compliance Issues
11/10/2008
Do we have any Reg B or other compliance issues if we decide to shut down a revolving line of credit? Would we need to provide a certain amount of time or a notice prior to closing the account despite whether it is currently in default?
Compliance Info for Emailed DDA/SAV Statements
11/10/2008
Where can I get information on compliance related to emailed DDA/SAV statements? We need to know if the customer has to pick up the email in a certain number of days.
Notify Regulator of Cut Off Time Change?
11/10/2008
Does a bank have to notify their regulator (FDIC) if they plan on changing their cut off time?
Tiered Rate Checking Account APY Disclosures
11/10/2008
We are introducing a tiered rate checking account and I am clear on what needs to be included in disclosures, but do I have to disclose different APYs on the statements or can I use a blended APY?
Became EO After Obtaining Loan - Reg O Violation?
11/03/2008
We have an employee who obtained a $250,000 loan secured by a second trust deed on his residence and used the proceeds to purchase a new home. After the loan was made the employee was promoted and is now an executive officer of the bank. Do we have a potential Reg O violation? The credit does not fit within the established exemptions and is in excess of $100,000.