John Burnett joined Glia Group, Inc., and BankersOnline in 2004, and currently serves as Executive Editor. He is a 1990 honors graduate of the Stonier Graduate School of Banking and is an alumnus of the ABA National Compliance School, where he served on the faculty for several years.
John began his banking career in high school when he started as a teller at a $15 million bank that didn't have account numbers for its checking accounts (he says they actually filed by signature!) He joined Cape Cod Bank and Trust Company in 1971 and assumed the position of Compliance Officer in 1976. He also served as corporate secretary and secretary of CCBT's Board of Directors, as well as Clerk of the bank's holding company.
He was a member of the Massachusetts Bankers Association Legal and Regulatory Compliance Committee, and of the American Bankers Association Compliance Executive Committee and NCS/NGCS Advisory Board. He is a regular presenter of BOL Learning Connect webinars and a presenter at BOL Conferences events.
If we have a check presented for payment and the written/numeric amounts on the check differ, are we allowed to write what we took it for above the numeric amount? At a previous institution that I worked for, we wrote it in red ink, so the proof person would know instantly what we read it as.
Is a business allowed to have a NOW Account?
What is the number of calls we can make to a debtor weekly?
Will we have to notify our customers or members of the inflation-related changes?
Can a depositor stop payment on a check that overdraws her account?
I am trying to research if an RDFI is required to mail to clients the ACH transaction notices that are generated from the FRB where we process ACH files?
If I get a promise to pay two days from now on Wednesday and they don’t show, can I call Thursday morning?
Can a DBA account have a POD?
If we get a claim that one of our cashier’s checks is lost, and pay the claim before we have to, what would happen if the original check shows up and we returned it as a “stopped payment”?
What should be a financial institution's main considerations/conditions for lending to a start-up business for processing hemp? How does an institution
perfect a security interest in the raw material/and or crude? If the institution has to take possession for some reason, what would be the
recourse? Can the financial institution sell the inventory to another hemp processor?