Our bank is going to start offering online loan applications for customers to print, fill out and send in for home mortgages. Do we have to give any disclosures out on the Web site to customers printing up a loan application? We will also be taking applications for new accounts online. To stay in compliance with the CIP regulation, will they have to come into the bank for the account to be opened? Do we have to have the disclosures online or can they be given to the customer when the customer comes into the branch?
I am reviewing a bank's online website. On a few of the web pages for their on-line banking services (transfers, etc.) and on the pages applying for the services, the bank name is at the top of the page but no Member FDIC symbol is on the page. I thought that since the bank name is on the page the Member FDIC symbol must also be on the page; however, the FFIEC's Guidance on Electronic Financial Services and Consumer Compliance states that the official bank sign is not currently required to be displayed on an institution's on-line system. What is their definition of an online system. The bank's internet application page is maintained by Funds Xpress. Is this an online system?
I would like to get some information about e-banking as a new bank service on the net. I would need some generaldata or explenation in general on:<ol><li>What is an e-banking</li><li>Is it successful?</li><li>Where and how it was developed.</li><li>How is it going to developed/changed be in the nearest future</li><li>In which way does it change the communication standard: SENDER -> RECEIVER.</li><li>How has it changed the forms of documents in banking service?</li><li>Advdantages and disadvantages of the e-banking</li></ol>
Let's just suppose you have just walked into the business office of a financial institution. A voice greets you ...