Most Popular Compliance Content
MMDA - Electronic Conversions & Bill Payments
06/01/2009
When a customer writes a check to a third party and the third party electronically converts the check and it comes through as an ACH ARC transaction, shouldn't the bank treat these as checks and not ACH, if the system can distinguish these? Also, if the customer uses online bill payment and requests that a check be issued to a third party, should these be counted under the "6" or "3" rule? The request was made online, but a check is issued.
Preparing for a Third Party Risk Management Audit
06/01/2009
How can the bank quickly prepare for an audit of its vendor risk management practices by bank examiners?
NOW Accounts - Are FIs a Government Entity?
06/01/2009
Are financial institutions included in the "government entity" provision for NOW account eligibility?
Reg O & Executive Officer Account Signer
05/25/2009
I have an executive officer who is a signer on a company account; this company is guaranteeing a loan. Does this loan fall under Regulation O and does this need to go to the board for approval?
Regs Dictating Account Access
05/25/2009
Are there any regulations that dictate what type of access different individuals such as authorized signers, guarantors, trustees, etc., would have to accounts (particularly via internet banking)?