Most Popular Compliance Content
Decreasing Early CD Withdrawal Penalty
05/18/2009
If we decrease the early withdrawal penalty on our Certificates of Deposit do we have to disclose this to our customers? I was told that if a change benefits a customer in a positive way that re-disclosure is not required.
How to Implement Risk-Based OFAC Monitoring Practices
05/18/2009
How to Implement Risk-Based OFAC Monitoring Practices
Five steps to risk assessment; ten practices for monitoring
by Timothy R. White, CAMS
Credit Report Authorization Form Retention
05/18/2009
I am filling in for our bank's compliance officers while they are away at training. A co-worker posed the following question/situation and I have been unable to find the answer after some research. Our bank does credit checks/counseling for customers and non-customers. We have a form signed authorizing/permitting us to pull credit reports on the individuals. How long are we required to retain the authorization forms?
Compliance Mistake #2: Viewing Compliance as a Point-In-Time Event
05/18/2009
How can we avoid this mistake and build a structured compliance program?
Cashier's Check - Large Deposit Exception Hold
05/18/2009
Reg CC question: if we put a hold on a non-local cashier's check using the large deposit exception, is the first 5K available next day or is only $100 to be made available next day, with $4900 subject to the case-by-case hold time of five days?