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Vendor Guru Q&A - Operations

Electronic Management of SAR Files

Latest Operations - Audit Topics

A debt may not be a “debt”

07/14/2019

What debts may be covered now?

Layers of fraud detection

07/14/2019

What are some solutions available to help our bank detect possible fraud faster? Does one solution work for every account type (business and consumer)?

Can a couple operate a business out of a personal account?

07/14/2019

Can we open a personal account and label it “Farm Account” and let the customer operate a business out of it?

Truncated account number on notices

07/14/2019

When identifying a consumer’s deposit account in a notice under the Payday Lending Rule, can we use a truncated account number?

PPD for the WIN!

07/07/2019

Our business customer has been debited 3 times by a business they don’t work with. All of the entries are PPDs that settled in the last 20 days. Do we have any recourse for our business customer?

You don’t have to investigate all Reg E claims.

07/07/2019

Why do we have to investigate all Reg E EFT claims?

Creditor use of ACH to obtain payments

07/07/2019

Is a creditor subject to the Payday Lending rule permitted to receive payments by ACH transfer?

Exemption Codes for withholding on entities

07/07/2019

Our signature is asking for an exempt code in the W-9 portion of the contract. What is it and where are the codes?

Disclosures and notices under the Payday Loan Rule

06/30/2019

Can disclosures and notices be provided electronically under this regulation?

LLCs—Corps, Partnership or Disregard?

06/30/2019

How do we know what tax structure an LLC is using? The signature card is asking how the company files its taxes.

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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

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Most Popular Operations Content

Truncated account number on notices

07/14/2019

When identifying a consumer’s deposit account in a notice under the Payday Lending Rule, can we use a truncated account number?

Can a couple operate a business out of a personal account?

07/14/2019

Can we open a personal account and label it “Farm Account” and let the customer operate a business out of it?

The reason for a stop payment is irrelevant

07/14/2019

1. Does a customer need a reason for a stop payment?

Layers of fraud detection

07/14/2019

What are some solutions available to help our bank detect possible fraud faster? Does one solution work for every account type (business and consumer)?

Layers of fraud detection

07/14/2019

What are some solutions available to help our bank detect possible fraud faster? Does one solution work for every account type (business and consumer)?

Pages