Most Popular Technology Content
IT Controls & Financial Audits
05/31/2010
What are the minimum IT Controls to assess in a Financial Audit?
Requiring Customers to Opt-in to OD Fees
05/24/2010
We have received conflicting advice on whether we can require customers to opt-in to the Reg E overdraft fees in order to receive a debit card. Can we or can't we?
Overdraft Fee at ATM
05/24/2010
With the new opt in requirements for Reg E, if a customer opts in, does that eliminate the need to inform the card holder that his ATM transaction will overdraw his account?
Online Transfers between Personal/Business Account
05/24/2010
Can you cite any regulatory prohibition, industry best-practices or any other guidance regarding the commingling of funds conducted via web-based transfers between linked personal and business(corp., llc.) accounts, owned or otherwise controlled by the same person? Information from the IRS on this subject is vague. My gut feeling is that this activity raises potential tax evasion issues and may be a reportable offense under SAR guidelines.
Selecting Opt-in Notice Categories
05/17/2010
Must a bank send the opt-in notice to all of its customers, or may it send it to particular categories of customers, for example, only those customers that have used overdraft service in the past?