Most Popular Compliance Content
Adding to Time Acct. After Initial Funding
04/28/2019
Can we put a cap on how much may be added to a time account after the initial funding? For example, if a customer opens a time deposit with $5,000 and then wants to add $100,000, we would not allow that. Can we put a restriction in place that you could not add more to the account during the term than the original amount, so if the account was opened with $5,000 that they could not add more than an additional $5,000? Also can we allow an HSA CD to be a time account, or are there restrictions on this?
Easier Way to Sign Up for E-Statements: In-person
04/21/2019
We would like to create an easier way for our consumers to sign up for E-Statements. What are the requirements, compliance wise for this? Currently, our customers need to log into their online banking, view a PDF disclosure that generates a "code", and customer then has to type in code and agree to terms and conditions. Compliance wise- can consumers just sign the disclosure/consent in person at lobby?
Master Repurchase Agreement Sample/Copy
04/21/2019
I would like a sample of a Master Repurchase Agreement. Can you help me in finding a copy of such?
Hold on Savings Due to Excessive Overdrafts?
04/21/2019
Can a hold be placed on a savings account due to the customers excessive overdrafts on their checking account? Would this be a Reg CC violation?
How Long to Retain "Referral Authorization"
04/21/2019
Any idea how long we need to retain a "referral authorization" that we have between a collection agency and our customer?