Most Popular Operations Content
Garnishment/Levies-Verify No Other Accounts
04/21/2019
We have a question on garnishment/levies. If we receive one do we need to verify they do not have other accounts with the bank or does it go strictly off the account number in question? We have a trust department, wealth management area, etc.
2019 Legal Alert: Bank ADA Lawsuits Mount
04/21/2019
How many banks have been sued under the ADA in federal court in 2019?
Reg CC reasonable doubt holds
04/21/2019
When our tellers are unsure about a check drawn on another bank by an unfamiliar business, they usually try to verify the check by phone before accepting it for deposit. They are frequently told by the issuing bank that the bank doesn’t verify checks. Is it OK to place a “reasonable doubt” hold on these unverified checks”?
Misleading Collection Scripts Cost Financial Institution $28.5 Million
04/21/2019
In its $28.5 million settlement with Navy Federal Credit Union (NFCU), the Consumer Financial Protection Bureau (CFPB) stated that NFCU's collection letters contained material misrepresentations – or unfair or deceptive abusive acts or practices – that were likely to mislead consumers; how did NFCU's templates violate UDAAP?
Can a bankruptcy trustee receive electronic copies of checks?
04/21/2019
Do we have to give paper checks and paper statements on bankruptcy accounts?
