Latest Compliance - Dormant Accounts Topics

The new suspicious activity rules provide a powerful safe harbor. The regulation itself restates the safe harbor provisions. This in itself is unusual.

In "Posters and Notices" (Volume I, Number 5) we advised readers that FDIC signs had to be placed at night depositories.

Question: Our bank has a customer who maintains several large accounts with us. He has asked for a rate on a CD that is .126% higher than our posted rate.

Fair lending means flexible underwriting. The old standards are being scrutinized and new ideas tested. Ratios are changing. The significance of the credit report has changed.

When Congress enacted the National Flood Insurance Reform Act of 1994, it meant business. One of Congress' goals was to ensure that property needing flood insurance was in fact insured.