If we are required to provide to the depositary bank information about a large check we are returning, can we do so electronically?
Our customer buys cashiers checks where he is the remitter and payee. Is he hiding money?
Do we run Customer Identification Program (CIP) on signers?
Can local banks still exchange paper checks drawn on one another?
What is your opinion of offering a checking account that offers add-on third party benefits as a feature of the account? Customers are only able to obtain the add-on services if they buy the account and pay the service charge disclosed for this product.
Can our customer be considered to be structuring under our cash rule of $7500? In other words, we gather info on the customer at $7500 in case of a multiple transaction. She has been depositing several times in amounts of $7400 in cash.
Is there an incentive for a depositary bank to accept returned checks electronically?
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?
Our customer gave his account number to a cousin and the cousin had $250,000 of unemployment come in and out of the account? Will our customer go to jail?
Does UDAAP apply to just consumers, or all customers?