Latest Operations - New Accounts Topics

Aggregated transactions versus Multiple transactions on a CTR

11/03/2019

When do we check aggregated or multiple transactions?

IOLTA and CTR who goes where?

10/27/2019

On an IOLTA do we record the owners of the funds or the attorneys on cash transactions on a CTR?

Private ATM withdrawals on CTRs

10/20/2019

If we have a customer have a private ATM withdrawal put them over $10,000 do we complete a CTR?

How expensive is a fair lending violation?

10/20/2019

Can fair lending violations be expensive?

General ledger numbers on CTRs?

10/13/2019

Do you put your bank’s general ledger account number on a CTR?

Impacts of fair lending violations

10/13/2019

What are the impacts of fair lending violations?

Fair Lending Hotspots

10/06/2019

What are the most recent “hot spots” for fair lending issues?

If you cash payroll checks is a CTR required?

09/29/2019

Would a CTR be required if several individual employees endorsed their respective payroll checks (all individual payroll checks are under $10,000 but combined they aggregate to an amount that exceeds $10,000), and made the checks payable to one employee who, in turn, cashed them at a financial institution for the purpose of distributing the proceeds back to the individual employees?

Target audiences for fair lending training

09/29/2019

Who should receive fair lending training?

Power of attorney and joint account

09/08/2019

Do both owners of a joint personal account have to agree to allow one owner’s attorney-in-fact to sign on the account?