Most Popular Compliance Content
Bank Statement Returned Mail Compliance
03/17/2008
I am looking into compliance around returned mail for bank statements for DDA, SDA, CDs and IRAs. Are there laws out there stating we must retain the original statement sent if it is returned to us in the mail? How many times must we try to contact a customer if we get notice of returned mail?
Reg DD - Internet Ad
03/17/2008
I am fairly new to the deposit compliance arena. Under the advertising section of Reg DD, there are exemptions for certain types of media (<a href="http://www.bankersonline.com/regs/230/230-8.html">230.8(e)</a>). One of these exemptions is broadcast or electronic media, such as television or radio. Would an advertisement on our bank's website be categorized as electronic media, and thus exempt from certain disclosure requirements, or would it be considered just like print media and thus be subject to all requirements of <a href="http://www.bankersonline.com/regs/230/230-8.html">230.8(c)</a>? I think that it should be treated just like print media, but I am having a difficult time finding any regulatory guidance to either confirm or refute this.
ROR Applicable on a Fed Reserve Holiday?
03/17/2008
If we are open on a holiday in which the Federal Reserve is closed, can we use that day as one of the three days we must provide the borrower under Right of Rescission?
Lending DDA Funds
03/10/2008
Can banks lend DDA funds? I was under the impression that DDA accounts were not lended or invested.
Using CML LOC as Overdraft Protection
03/10/2008
Can a corporation or business use CML LOC as overdraft protection?