What individual risk assessments is a bank expected to perform? How do the individual risk assessments fit together with an "enterprise risk assessment"?
Would a combined transaction loan for the purchase and improvement of a primary residence fall under HOEPA? All loan proceeds will be funded at closing.
What are the rules for security envelopes when mailing items from the bank? Can they just be security envelopes or do they need the FDIC logo as part of the security print? Do we need to print "member FDIC" on promotional items such as pens, pizza cutters and magnets?
If a treasury check is payable to two people and one dies, what does the surviving payee have to do to negotiate the check?
What position (head teller, loan officer, etc.) of the bank would be the best candidate for our BSA officer? Would it be our compliance officer?
Can a bank setoff an overdraft with the deposit of a stimulus check or is this considered a government benefit that cannot be used for setoff?
We were discussing putting a statement in our safe deposit box agreement that the customer agrees not to place currency, coin, jewelery or any other valuables in their safe deposit box. Are there any laws against this type of verbiage and is it effective in a lawsuit against the bank for missing items?
I received a bank execution against an individual. The only account we had was a sole proprietorship using the individual's Social Security number. Everything I read tells me the individual is responsible for business debts, but is the opposite true?
Our marketing department is considering the use of personal photos of our branch managers and personal bankers in a marketing campaign. What are the risks associated with this practice and is there any industry standard which may address any concerns? Do you know of any instances where this created problems?
We have a customer who has an Irrevocable Trust and she wants to use her Social Security number for it (her daughter is the trustee). We told her that an Irrevocable Trust needs to have its own TIN. Her lawyer says she can use her own SSN citing IRC 677a. I looked into it and everything I found says to use a TIN. Can they use her SSN or do they have to get a TIN?