Most Popular Compliance Content
Do Cashier's Checks Expire?
04/28/2024
What is the expiration date on a Cashier's Check, or how do banks handle stale dated ones outstanding?
Compliance actions when violations are found
04/21/2024
What action steps are needed when we find a severe or frequent violation?
Procedures for Claims to Funds
04/21/2024
We received a "Notice of Freeze" from the Florida Department of Revenue on one of our customers. Is there a set procedure for handling such notices from a state authority or do they differ by bank and or the state the bank or the customer is in? Would this procedure be the same for an action from a governmental entity as from a private action like an unpaid debt?
Reg CC and Debit Card Deposits
04/21/2024
Under Reg CC, how are deposits made by debit card treated? (These might be a deposit at an ATM or a merchant refund on a debit card burchase, as examples.) Can we hold these for three days even for existing customers?
FCRA – Permissible Purpose
04/14/2024
Why is a permissible purpose needed to get someone’s credit report?