Most Popular Operations Content
How expensive is a BSA mistake?
04/21/2019
Can a BSA violation cost $528,000,000?
Check Payable to 4 People-Liability if Returned?
04/21/2019
A check is payable to 4 people, 2 of the payees are our bank customers and have endorsed the back of the check. The other 2 payees came into our branch, signed and cashed the check. If by some chance this check is returned to our bank, who would be liable? We understood that it is always the last signer and the person who received the cash. Is this true?
New Prepaid Card Rule/ Error Resolution Provision
04/21/2019
We discontinued offering prepaid cards a year ago. Customers can still use any previously purchased prepaid cards until the card expires or is cancelled. Customers can continue to reload their prepaid card but not through the bank. Is there any applicability for us regarding the new Prepaid Card Rule effective April 1, 2019, such as the error resolution provision for example?
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?
