Is it a violation of Section 8 of RESPA for a title company to invite lenders and loan support staff to a local restaurant for hors d'oeuvres and drinks? The invitation is only for our bank employees, not those of other banks. This same company also provides lunch to all bank employees at Christmas time. The title company is also a bank customer.
We have a customer who was in an accident and is in a wheelchair and exhibits bad behavior when he is in our branch. This behavior includes shouting, cursing at employees, calling our employees names and leaving multiple voice mail messages for employees at all hours of the day and night. We have spoken with him and given him written notice that this type of behavior is disruptive to our business and our employees are scared of him and do not like dealing with him so he can only transact business with the branch manager. He states that he has brain damage as a result of his injury and that is the reason he behaves this way. Is his irrational and unpredictable behavior protected under ADA?
I am the Electronic Banking Specialist for [Bank Name Withheld]. We are having a debate among ourselves and our Legal Department regarding whether or not check imaging is covered by Reg E. One opinion has to do with whether the check image is truncated or not; another has to do with the intent for imaging, whether as a tool for the merchant to recover funds on a returned item, or as a bank tool to pacify clients who want their checks back. I would appreciate any input that you might offer as you have a more industry-wide view available, as well as experience in compliance and Reg E issues.
When a Bank has a Reg O violation, an executive officer habitually overdrawing their account and at times circumventing the OD fees, what reporting requirements apply? I am a CPA and our client is regulated by OTS. I understand they must have it listed and ready when OTS examiners come, but are there other requirements? We will make sure the Board is notified, but we need to know if we have to advise bank to notify OTS right away.
In a transaction secured by a consumer's principal dwelling, is losing a chance to purchase a second home a bona fide personal financial emergency for purpose of waiving the right to rescind?