Most Popular Compliance Content
Adverse Action List for the Examiner
12/01/2008
In preparation for an upcoming exam we have been asked to provide a list of customers or potential customers for whom the bank took adverse action on the basis of its CIP. The adverse action is causing confusion. Under what requirements do we consider it adverse action and put the customer or potential customer on this list?
Lending Office Issuing Cashier's Checks
11/24/2008
Is there any regulation preventing a bank from having a lending office only issue cashier's checks without becoming a limited servicing branch?
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?
Deposit Incentive
11/24/2008
We are considering paying a referral fee for new deposit accounts. Instead of paying the customer or the person making the referral, we'll make a donation to a charity of their choice. Are there any compliance issues with this?
In Branch Advertising
11/24/2008
Our grocery store branches have limited floor space. During the day they can move some signs to the walkway in front of the branch and at night, pull them back in before the gate is lowered. For ease of use and to vary the product offerings they are using whiteboards and people with really nice penmanship. What compliance problems are there with whiteboards?