Most Popular Compliance Content
Reg O - Bank Holding Company Chairman
03/30/2009
Is the chairman of the holding company of the bank subject to the more restrictive lending requirements of executive officers of the bank under Reg O?
Outgoing Wire Transfer - Physical Address Required
03/30/2009
Why is it that most banks that originate outgoing wire transfers require a physical address (no PO boxes) for the beneficiary? Is this a compliance requirement and if so, where is it established? I have looked at Reg J, the UCC, the BSA exam manual and the travel rule without much luck. The latter proved more helpful than the others, but still offered little justification for the requiring of the beneficiary's physical address. In this regard, the rule states that the originating bank is only required to retain "beneficiary information provided by the requestor" which may or may not include an address. Any help in determining how and/or why this no "PO box policy" was derived would be greatly appreciated.
Your Vendors & Red Flags: What you don't know can hurt you
03/30/2009
Are banks obligated to ensure that their suppliers comply with the Red Flags rules?
HMDA Reporting - No Written Pre-Approval Program
03/30/2009
If the bank does not have a written pre-approval program should a denied pre-approval request be reported under HMDA?
Funds Availability Notice - Font Size Requirements
03/23/2009
What are the font text size requirements for the Reg CC Funds Availability Policy Notice we must display in our lobby?