Most Popular Compliance Content
State Offset Rules and BofA Case
04/18/2005
We just read the California court ruling regarding offsetting OD fees against Social Security benefits (B of A case). How do I find out if other states' -- in particular Wyoming's -- rules are regarding the same issue?
How Much of a Bill Is Needed?
04/18/2005
How much of a damaged bill renders it worth its original amount?
Handling Multiple Regulatory Disclosures
04/18/2005
I am with the trust compliance risk management department and perform compliance reviews for advertising and presentations that frequently involve products from multiple business lines: e.g., a wealth management piece may include reference to private banking, estate and wealth planning, insurance, investment management and brokerage services. How do you handle the multiple regulatory disclosures (FDIC, Equal Housing, Interagency statement, etc.) without completely cluttering the material with disclosure?
Copy of SSN Card
04/18/2005
Is it an IRS regulation that a bank cannot take a copy of a social security card? Can we have a copy in the customer's new account file?
Template Letter for Excessive MMDA Transactions
04/18/2005
In a recent compliance exam, we were criticized for the wording used in a letter to notify customers of excessive withdrawals from their money market accounts. The wording was "too harsh" and we were told it should be softened to "we may" instead of "we will," etc. Do you have a model letter form? I have not been able to find one. Thank you.