Most Popular Operations Content
What questions will be asked in a safe deposit litigation?
12/25/2022
There are over three hundred (300) safe deposit operations, compliance and security questions that could be asked during any trial. Giving Incorrect answers could be very costly. ------------------------- Learn more about Dave McGuinn’s <a href=https://www.bollearningconnect.com/safedeposit0223> 2023 Update: Safe Deposit Compliance & Security Issues </a> webinar.
Deposit Ads with Interest Rates
12/18/2022
I am using the Website Compliance Checklist that is available on BankersOnline. Question 17 on this form, "Is the term "Interest Rate" used and not just "Rate"? I am having some trouble finding what Reg or guidance this might be related to. I'll need to explain to the Audit Committee and Board why it matters and right now I can't find any guidance.
Official Check Paid 2X
12/18/2022
One of our official checks cleared twice. A nonmember walked the paper check into the branch to be cashed and completed the full endorsement on the back of the item. Later that same day, we received the item again in our daily check processing batch. That one looks to be taken in by the other bank as an RDC, however there is not one thing written on the back of their image - no signature, no "for mobile deposit" check mark, no "for mobile deposit only" written - nothing. We did not find this duplicate until we reconciled the monthly register for official checks. Do we have any claim to recover the funds from the bank that ran the RDC without any sort of endorsement? We hold the paper item.
Gaining additional context with exception comments
12/18/2022
How might an exception comment help a banker gain additional context?
Will the CTR report threshold be increased?
12/18/2022
When will FinCEN raise the threshold for CTR reporting?