Do all nonspouse beneficiaries have to take out distributions in 10 years?
How can my community bank prepare for anticipated far-reaching data collection and protection laws?
Are there any risks for a financial institution if we accept a check from a client for deposit to their savings account and the check is payable to our financial institution, instead of making it payable to the account holder?
Can we bank hemp growers? Is it marijuana?
Our customer mobile deposited a check with their signature endorsement along with a restrictive endorsement of "mobile deposit only [FI name] [date]". The customer then scratched/crossed out the restrictive endorsement and negotiated the item a second time. We were charged back on the mobile deposit. I understand we did not process the paper check, however the restrictive endorsement was on the mobile deposit and later scratched out. Do we have any recourse back to the second bank to recover funds?