Ken Golliher is a principal with Pegasus Educational Services, LLC., a training firm organized in 1996 with headquarters in Louisville, Kentucky. Pegasus specializes in technical and regulatory instruction for financial institution personnel. He is an experienced banker with a unique ability to reduce complex legal concepts to plain English. He has explained the "why" and "how" of regulations to thousands of financial institution personnel and examiners. Ken's banking career began in 1972 and includes serving as a teller, commercial operations manager and as trust department legal counsel in a state and a national bank. For ten years he headed the education division of a regional consulting firm for financial institutions. He has served on the faculty of the LSU Graduate School of Banking, the OTS' Level I Compliance School and the FDIC's Advanced Consumer Protection school for examiners. Ken has also been an instructor at compliance schools sponsored by the Illinois, Georgia, Indiana and Nebraska bankers associations.
When one safe deposit box renter wants to remove the other renter in a joint lease do I:
1 - simply retype a new contract with the remaining renter and keep the same box for the one keeping the box? (basically an update)
2- close out the box and open a new one with a new contract?
3- if I am going to close out the box and open a new one what keeps me from opening the same box prior issued?
I currently close out the box and reissue a completely different one with a completely new contract.
Can the Representative Payee on an account name themselves as the beneficiary of the account, if the owner of the account wants them to be the beneficiary?
May a "Payable on Death" account bypass payment to the beneficiary and go straight to the estate account if the Executor requests this?
Where can I find rules regarding safe deposit boxes and notices that must be sent before they are drilled for nonpayment of rent?
One of our customers has had several debit card disputes this year. We reissued her a new debit card two months ago. She is now claiming disputes on this card. We have hot carded the card and are processing the disputes. Do we have the right to refuse to reissue her new card? If so, what documentation do we have to send her to let her know of our decision?
Can a check that has been charged back as "Refer to Maker" be redeposited?
A stop payment on an LLC account has been requested. It's on an ACH item that is from the same company every month, usually the same amount every month but on occasion it will be a different amount. How long should this stop payment be good for? The account is a business account so it's not subject to Reg E.
What is the escheatment period for a dormant share IRA with a CU?
Say a member share account is dormant and member is under 59 1/2 with an IRA attached to the share. When should this account been sent to the state?
Are there any rules that would prevent us from reissuing a cashier's check every few months for a customer? She comes in and wants a fresh check but never cashes it out. Is that a reportable suspicious activity? Are we breaking rules by doing this?
I have two customers, Harry and Larry, that have had checking accounts with our bank for more than 30 business days prior to opening a new business account titled xxxxxx LLC. Would this be considered a new account per Reg CC guidelines since the business has not had any accounts with our bank?