Latest Operations - New Accounts Topics

Cashier’s Checks and Money Laundering

06/20/2021

Why do examiners care about cashier’s checks where the remitter and payee are the same?

De-Risk or No?

06/13/2021

Can we still de-risk?

Reg E and buyer’s remorse

04/04/2021

If a consumer purchased tires and later claimed they were defective and they filed a Reg E claim, but refused to go back to the merchant, can we deny his claim?

Risk and Reward on Court Ordered Accounts

03/21/2021

Do we have to open court ordered accounts?

Trusts and POAs? Yes or No?

03/21/2021

Do we take a POA on a living trust?

Extending repeatedly overdrawn status

03/14/2021

If a depositor who was repeatedly overdrawn continues to be repeatedly overdrawn during the six months they are subject to the repeated overdrafts exception hold rule, can we extend their repeatedly overdrawn status?

POAs dos and donts

03/14/2021

What are we looking for when we look at a POA?

Cash deposits and Reg CC

03/07/2021

When does the bank have to make a deposit of cash available for withdrawal from a transaction account?

Fiduciaries should not act to benefit themselves

03/07/2021

Can a fiduciary use an account for their own purposes?

How to lose money on guardianships

02/28/2021

What should we look for in guardianship paperwork?