We want to run a contest by supplying undressed dolls to our employees to be decoratively dressed for Christmas. We intend to then ask our customers to vote for the best-dressed doll, and give a prize to that employee. We'll donate the dressed dolls to the Marines. Are we breaking any rules whatsoever?
It was Bette Davis who first said that old age is no place for sissies. Well - let me tell you, neither is being a banker for cowards or sissies these days!
The Federal Deposit Insurance Corporation (FDIC) , realizing the need and importance of financial education, particularly for people with little or no banking experience, created an educational pro
I am starting a new position as a lending manager. I am rusty with the regs. Where could I go to get a printed version of the regs applicable to lending, and which ones would you recommend I read up on?
What should be in our employee handbook regarding CRA and anti-money laundering?
As it pertains to responsibility for CRA for an institution, such as the CRA Officer, what department does this position usually fall under at most banks? We are $470 million and are reorganizing. Right now it's under our lending area and they are considering to make it a part of marketing...I think it should be a part of our compliance department. Of course marketing would provide updates to compliance on community outreach.
When establishing a compliance department, who should the employees report to? Who should have oversight to the review/audit their work? Should we have an audit committee or should there be a separate committee? If a separate committee is established, would it need to include at least one board member? I am trying to define the difference between a compliance officer that has direct involvement in the implementation of policy and procedures, reporting (i.e., also serves as the CRA officer) and conducting reviews. I see the audit department as having a responsibility to audit the compliance department's work. We are a small bank just crossing the half billion mark. Staffing is an issue and most employees wear multiple hats.