03/21/2005
Is a flood certification required for all mortgage loans in any area?
03/01/2005
Since its introduction several years ago, the regulatory agencies have expressed serious concerns about bounce protection programs which, unlike traditional overdraft programs, can lead consumers i
02/21/2005
When the borrower signs the 1003 for government monitoring purposes and checks the box for "I do not wish to furnish this information," but also checks the boxes for ethnicity and race, how does this get reported?
01/17/2005
The only procedures we have in place for background information on new hires is to pull a credit report and verify references.Can you please share with me some other sources/avenues that you would use in doing background checks on employees?
10/25/2004
Are the checks that a consumer might draw against a credit card or HELOC account eligible for truncation and reconversion under Check 21?
10/25/2004
If a credit card or HELOC account isn't subject to Check 21 but a check drawn on these accounts can become a substitute check, do we have to make a consumer awareness disclosure if one of these checks bounces?
10/25/2004
Many credit card and HELOC accounts allow customers to take advances by writing checks. Will we need to make Check 21 disclosures to these customers?
05/17/2004
HMDA requires an officer of a financial institution to certify the accuracy of the data. The regulation is silent on which officer should certify the accuracy. I believe this responsibility should reside with the Compliance Officer, not Internal Audit. Do you know of any announcements, etc., regarding this, or are you aware of what the "norm" is at other financial institutions?
02/02/2004
If I open a business checking account for a corporation is there any form that can be signed by the principal holding them personally responsible, as well as the corporation, for any possible losses? Also, if there are no forms, could our bank draft one and use it?
08/01/2003
FDIC has issued examination procedures for payday lending.