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Vendor Guru Q&A - Operations

Electronic Management of SAR Files

Latest Operations - Audit Topics

Can a minor have an IRA?

01/13/2019

Can a minor open and fund an IRA?

Can an estate be beneficiary of an IRA?

01/07/2019

Can a customer name an estate as beneficiary of an IRA?

IRAs and IRS levies

12/30/2018

In an IRA subject to IRS levies?

Converting to Roth

12/30/2018

Can a customer convert part of an IRA to a Roth?

TCPA claims don’t die

12/30/2018

If a consumer files a lawsuit asserting a TCPA violation and then passes away, is the claim abated upon death?

Avoiding liability when telemarketing

12/23/2018

Until the FCC determines how to interpret the statutory language defining an "automatic telephone dialing system" (ATDS), what precautionary measures can my institution take to mitigate the risk of litigation?

Qualified Charitable Distributions from IRAs

12/23/2018

Can my 70 ½ customer contribute the required minimum distribution to charity?

Limits on TCPA consent

12/16/2018

Does consent to receive mobile communications for a loyalty program translate to consent to a related program from an affiliated company?

IRA rollovers and bank failures

12/16/2018

If the bank fails and the FDIC mails checks out, can the customer have a second rollover?

Deadline for 2016 Third Party Sender ACH Audit WB

12/16/2018

What is the deadline for filing the 2016 Third Party Sender ACH Audit Workbook and what are the ramifications for late filing or late submission?

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Premium Content View All

We Can't See the Forest

A recent investigative report from a newspaper in Sarasota, Florida highlighted the many reasons why banks fail, and they cite unethical lending practices, employee greed and dishonesty as a few of the culprits.

Occupational Fraud Hurts the Banking Industry Most

by Genilee Parente

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Most Popular Operations Content

Notification for New Monthly Fee (Checking Acct.)

01/13/2019

We are making changes to a checking account that we offer, we are going to implement a monthly fee. Because this will negatively impact our members, don't we have to notify them and how much time do we need to provide before making the change?

Can a minor have an IRA?

01/13/2019

Can a minor open and fund an IRA?

Should you permit box access before or after hours?

01/13/2019

Can we allow a renter to enter a box before or after our posted lobby hours?

Deposits On Mobile Device Covered Under Reg CC?

01/13/2019

Are deposits made on a mobile device covered under Regulation CC? If not, is it safe to say we can hold as long as we like?

Bank Employee Delivered $10k in Cash (BSA/CTR)

01/13/2019

A bank employee (not our courier) delivered over $10k in cash to a bank customer. Do we have to identify the bank employee personally or can we say Armored Car (FI)?

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