Sweeps, contests and lotteries are really part of advertising, right? Yes – these are typically used to promote various bank products and services but they are a special subset of the broader “advertising” requirements.
Who banks on smart phones? Your bank’s customers. Who uses P2P payments with vendor apps like Zelle and CashApp? Your bank’s customers. Who is paying more and more and more claims from these transactions? Your bank.
ThursdayAugust 04, 2022
Got Flood Questions? The NEW 2022 Flood Q&As Have Answers!
Third Time’s the Charm! On May 11, 2022, after issuing prior proposals in July 2020 and March 2021, the regulatory agencies released their final updated Flood Q&As. It is invaluable Guidance, and you will want to know what it says!
wants their money “back” from the bank? The bank didn’t take their money and can’t give it “back.” The bank executed the transfer as the customer requested. Yet the bank is expected to replace that money under many circumstances.
On January 28, 2022, the FDIC published a final rule to simplify, effective April 1, 2024, its deposit insurance regulations by establishing a “trust accounts” category that governs coverage of deposits of both revocable trusts and irrevocable trusts
Does your bank have a new compliance officer? Does it have or need an enhanced compliance program? If you are starting or restarting a compliance program it takes a lot of elbow grease and you should begin with the fundamentals.
When funds in your customer’s account are from certain federal government payments, Treasury regulations require that you perform specific tasks if you are served a levy or garnishment order on your customer’s funds.
Questions regarding deceased renters, payable-on-death clause, living trusts, court orders, Servicemembers Civil Relief Act, USA Patriot Act, Suspicious Activity Reports, power of attorneys, Americans with Disabilities Act, past due boxes, abandoned
Final rules implementing the Fair Debt Collection Practices Act as Regulation F were published in October and December, 2020. This program provides a review of both parts of the final rule. Regulation F applies to debt collectors.
On June 4 the CFPB released a set of 8 FAQs to answer common questions about Electronic Funds Transfers and Reg E. This one-hour webinar will explain these 8 FAQs and the most important question of WHY these, and why now.
Your lenders and loan interviewers need to be intimately familiar with Reg B and the Equal Credit Opportunity Act’s requirements. Why? Because if they don’t know the reg and the requirements, they are quite likely to violate them.
This information packed 90 minute webinar will review the April 2020 and March 2021 Federal Financial Institution’s Examination Council Interagency Statements which clarifies mandatory regulatory requirements versus supervisory expectations.
Delinquent borrowers are at heightened risk of referral to foreclosure soon after the foreclosure moratoria end if they do not resolve their delinquency or reach a loss mitigation agreement with their servicer.