Most Popular Compliance Content
Overdrafts Moved to Clerical Position
12/06/2004
Our Senior Management has decided to move the overdraft function from a lender with credit authority to the Operations department as a clerical function. Does this make sense?
Can this Trustee Resign?
12/06/2004
I have a surviving spouse's trust agreement, where the living spouse no longer wants to be the trustee and would like to appoint her son, who is also successor trustee, to become sole Trustee. However in the trust agreement, it states that to amend or change, either trustor can change during the joint lives of the Trustors, by signed instuments delivered to the Trustee. Is this possible to change if one of the Trustors is deceased?
Purchase Loan Financing
12/01/2004
Question: We are a little confused after talking with our examiner about the differences between a purchase money loan and a refinancing when the refinancing is of the purchase mon
Lessons in Enforcement Actions: BSA
12/01/2004
Enforcement actions serve several purposes. One is to correct the violations. Another is to provide guidance for other institutions subject to the same regulations.
FACT Act Rules: Disposal of Information
12/01/2004
The FACT Act requires any user of a credit report to take steps to protect consumers from mis-use of their information by providing for information security and safe disposal of information.