If a customer is disputing a transfer of funds between accounts on which she is a signer, whether it was done via
online web, mobile phone, ATM, at a branch or over the phone with a banker, does this fall under the Regulation
Is there a prohibition against conditioning approval of a loan application for a residential first mortgage loan upon authorizing a direct debit of monthly payments from a borrower's deposit account?
Our institution has a savings account for minor children. A custodian has taken out a personal share loan using the custodial account as collateral. Is this allowed here in Florida?
I work for an FDIC bank in central Illinois. Some Credit Unions in the area are changing how customers can access their accounts due to a change in Reg. D. Are there changes that should be affecting my bank?
We use an automatic transfer authorization form to have payments auto debited from a DDA to pay a loan payment. Do you need the customer's signature on the form or will a loan officer's signature suffice?
If a customer has multiple MMDA accounts, all with the same titling, do the Reg D transaction limits apply to each account or to all of the accounts combined/per customer? Would the answer be different if the accounts have different titling, such as one having individual ownership and another having two owners?
We have recently seen an increase in the variety of fees charged to our borrowers at closings by settlement/closing/title agents. For example, "special tax search" for a search done by the agent regarding pending tax assessments (separate fee from title exam fee), "transfer handling fee" charged by the agent for processing deed transfers through government auditing and recording entities, "hold signature fee" charged by the title agent for title update prior to signing off on Title Policy, etc. Are these fees considered finance charges per Reg Z Truth-in-Lending? The affected loans are real estate secured residential mortgage loans.
The annual Money Laundering Enforcement Conference co-sponsored by the American Bankers Association and the American Bar Association is always fertile ground for new ideas on BSA program management
It's official. The final rule on the identity theft flags and active duty alerts is out. It takes effect on December 1, just in case you had nothing planned for Thanksgiving.
In Advisory Letter 2004-10, the Comptroller of the Currency advises national banks on credit card marketing and account management practices that may be unfair or deceptive.