Most Popular Compliance Content
Fees Disclosed in Free Accounts
04/17/2022
I am reviewing a deposit ad for branch flyers. The Free Banking Service package includes an array of free services including free money orders, official checks, and stop payments. Should there be a disclosure as to how many and how often the customer can receive this benefit or does the statement to contact an employee for more information cover this?
Hello Fair Banking – It’s UDAAP
04/17/2022
Is there a new Reg or enhanced Reg DD that is “fair banking?”
What Happens when a POD Passes
04/10/2022
What happens when one of 2 or more beneficiaries dies before the account owner? In this case I'm referring to a depsoit with two beneficiaries and one has pre-deceased the account owner. The account is in PA if that influences the answer.
Reg E Written Notices
04/03/2022
In a Reg E error investigation, when do we have to notify the customer in writing vs. an oral notice?
Documenting IRA Contributions
04/03/2022
When a customer opens an IRA and wants to contribute to it each year, what forms are necessary to add to existing IRA?