One recent court case held that disclosures on a website were not conspicuous because it was not set apart from other text sufficiently and other distractions on the page drew away the readers attention.
Fair lending issues have never truly "gone away." A bit of internal monitoring can go a long way in providing early identification and protection from those dreaded words "Mr. Banker, we are referring this to the DOJ".
Audits for Regulation Z have just become a whole lot more challenging! Over the last several months, the importance of mortgage loan originators and the new rules involving them has grown exponentially.
New account procedures just seem to get longer and more complicated. Banks need to know more about their new customers than they did in the past, and there seem to be more and more disclosures and other paperwork that needs to be delivered.
Recorded on August 15, 2013
Opening Deposit Accounts Online: CIP, CDD, W-9s, Signature Cards and More Regulatory Issues
Our instructors, BankersOnline Guru Barry Thompson and Arvin Clar, have both handled elder fraud cases. They will instruct you on how to pinpoint suspicious transactions when reviewing senior citizens' accounts.