"Excuse Me-What Was That Again?"
Once upon a time there was a banker who was having problems with the examiner who was in his institution.
Isn't it interesting that even as our lawmakers are addressing legislation that would require banks to cash checks for people who lack bank accounts and provide more low-cost services to the poor,
If you ask the First National Bank of Boston-they'll tell you Proof and Transit are VERY important-$90,000 worth at a time, as a matter of fact!
In the last issue of BANKERS' HOTLINE we talked about using more than just a signature card to open a new account.
One of the things that makes life interesting for the compliance officer is the total unpredictability of the regulators.