Most Popular Compliance Content
Reporting Rules for Open-End & Closed-End LOCs
11/24/2008
My studies indicate lines of credit are optionally reported (we do not report). Most of the writings seem to equate lines of credit with home equity lines of credit with no distinction between closed-end and open-end. Are there different reporting rules for open-end and closed-end lines of credit?
Reg D - Excessive Withdrawals
11/17/2008
I'm currently doing a Reg D and Q audit. What are the requirements for savings accounts that have excessive withdrawals every month? Are we supposed to close the savings account and convert it to a DDA or is it enough to send the letters and let them continue to make excessive withdrawals? My compliance officer says there is nothing we can do.
Using 'Secret Questions' for Identification
11/17/2008
With consumers publishing more and more information about themselves online, is using secret questions still a safe way to identify someone?
Key Risk Indicator Identification
11/17/2008
How should a bank identity its key risk indicators?
Closing an OD Protection Line - Give 30 Day Notice
11/17/2008
Does the bank have to provide a thirty day notice to the consumer if they are closing an overdraft protection line?