We have a customer who writes checks from his account at our bank (Bank A) and deposits them at Bank B. The account is overdrawn every morning. He then wires money from Bank B back to Bank A to cover the overdraft. The account is not being used as a business operating account. Each day the amount
involved gets larger. How should we address this? Is there a specific Regulation we can site for closing the account?
Website ADA Discrimination cases appear to be on the rise; how many of these cases were filed in federal court in 2019, and is this actually a significant increase from earlier years?
With fewer and fewer employees available to access dual control we're considering putting a small number of safe deposit box keys into a working
supply. What guidance can you give me on this?
On a CTR form, if the transaction is being completed by the owner of an entity do we check Person conducting transaction on own behalf in Part1,
Person Involved in Transaction?
When did all this interest reporting begin on NRA?
What is required for my bank to qualify as an organization that can opt into the Community Bank Leverage Ratio (CBLR) Framework?
If a customer changes their name due to a marriage or divorce and we collect the appropriate documentation, why is it best practice to receive a new
If our Bank is adopting an account closing survey and they want to send it to closed account customers by text and email, does this fall under the
CAN-SPAM rules? They are only requesting feedback, there is no promotional material.
How do the growing regulatory requirements impact financial institutions and their customers' experience?
Do we have to close NRA interest-bearing accounts if we do not have FTIN?