Most Popular Compliance Content
Redirecting an ACH credit for a closed account
02/09/2025
Can an ACH payment coming through on a closed account be posted to an account on which the owner of the closed account is only an authorized signer? The ACH is in the name of the authorized signer of the account the bank manually posted the account to.
Who signs on an account for an irrevocable trust?
02/09/2025
Does the grantor play any role in an irrevocable trust? We have a copy of the trust which states who the grantor is and who the trustee is. We didn't think the grantor had to be on the account, only the trustee. Please advise.
Should Compliance Change in Response to the New Administration?
02/09/2025
by Barbara Boccia:
How to Navigate Compliance in a Time of Uncertainty
02/09/2025
by Barbara Boccia:
“If you can keep your head when all about you, are losing theirs and blaming it on you…”
If, a poem by Rudyard Kipling
Admin fee on consumer loans
02/02/2025
We do consumer loans consisting of auto, unsecured, and CD secured loans, and we charge an administration fee of $25.00. This fee is listed in our third-party document generation and processing system as an administrative fee that affects the APR (in other words, a finance charge). I wonder if this is acceptable for a consumer loan.