Latest Compliance - Dormant Accounts Topics

If you are frustrated with the APY calculations that result from leap year, take heart. The next leap year occurs in the year 2004. That's right.

Question: The Good Faith Estimate model form contains space for obtaining the consumer's signature acknowledging that they have received the estimate.

Ordinarily at this time of year, the compliance world is beginning to slow down a bit.

FinCEN and the FRB have released guidance on the new recordkeeping rules for funds transfers and transmittals of funds. The guidelines are in Q&A format and clarify several issues.

Question: Where do I get copies of the regulations and other information that the agencies mail out?