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.
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
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.
When your customer passes away, family members left behind often know they need to do something about deposit accounts and other banking relationships of the decedent, but don’t know what they can and cannot do with them or with checks payable to the
Electronic delivery can be your virtual friend before, during and after a pandemic. It helps the bank protect relationships, save time and money and satisfy customers who want information delivered quickly.
Everything old, is new again. In January 2020, the CFPB issued a policy statement on how it was interpreting and enforcing UDAAP. In March 2021 the new acting director of the CFPB announced a reversal of that position.
If your bank delays the availability of customer deposits, it needs to ensure that its Funds Availability Disclosures include the types of holds you may place and that the holds conform to the limits imposed by Regulation CC.