Most Popular Compliance Content
Playing 'what-if' with Assessment Areas
10/09/2022
Is it possible to evaluate the impact of different CRA Assessment Area configurations on my CRA performance standards and my bank's comparison to those standards?
Redlining and CRA
10/09/2022
What is redlining in terms of CRA?
Don't make this CRA mistake!
10/02/2022
What's the worst mistake a bank can make regarding the CRA?
A bank's most important CRA decision
10/02/2022
What is the most important CRA decision a bank makes?
Time Limit to Recall ACH
10/02/2022
Our credit union received a request for a return for an ACH transaction that was made in error. The request was sent to via fax on 9/1/2022. The original transaction was dated 7/22/2022 and is now outside of the return time frame. Is the CU required to honor this return and, if so, is it acceptable to honor a fax'ed request? We are under the impression that it would need to go through the Federal Reserve. Any advice that you can offer would be greatly appreciated.