Most Popular Operations Content
New Auto -Loan - First Payment 90 days
02/02/2009
When advertising a new car loan up to 72 months with 90 days until first payment, does the disclosure need to read 75 months, and does the payment example need to be calculated using 75 months rather than the 72 months?
FDIC’s Payout Time Frame on Insured Funds
02/02/2009
How long does the FDIC have to pay out the insured funds on a closed bank?
FDIC Insurance Coverage - Commercial Accounts
02/02/2009
I was in a commercial banking training session and the subject came up about FDIC insurance on interest accounts for a commercial account being covered with a bank. I just wanted to make sure I heard correctly and I believe this is what I heard the trainer say, "if you have commercial account with a bank (not a credit union) earning interest, that account is not covered by the FDIC insurance." Is an Athletic Association the same and are they covered under FDIC insurance for interest earning accounts? Is there a difference if they earn a profit or not? If they are not covered where would I go to get the written proof to show the company?
Use Same BIN for HSA & Debit Card Programs?
02/02/2009
Can a bank use the same BIN for their debit card program and their HSA program? We've been told you have to have a separate BIN number, but know of several banks that use the same BIN for both. We are looking into offering HSA's and want to be in compliance, but I cannot find the right answer.
Stop Pay Time Limit
02/02/2009
What is the reason stop payment orders are only valid for six months? May a bank elect to make them permanent?