Most Popular Compliance Content
Data privacy & Section 1071
09/29/2024
What does Section 1071 of the Dodd-Frank Act cover from a data privacy standpoint?
Are All Private ATM Owners Equal
09/29/2024
I have read through several articles on private ATM owners and the enhanced due diligence on these; however, none seem to call out private ATM owners that do not have access to fill the ATM. Would these customers have the same expectations? Would it be necessary to tag these customers, obtain contracts/agreements and do yearly reviews of activity?
Certificate of Deposit
09/29/2024
I am new to the compliance function so I apologize if this does not make sense. My question addresses Reg DD and a CD interest payment date vs. maturity date. Here is an example: a CD term is 6 months and interest is paid every 30 days. Since there are more/less than 30 days in some months the interest payment date does coincide with the maturity date, so there are generally a few days between these dates. I am unable to find anything in the TISA reg about this. How and when is interest paid in relation to the maturity of the CD?
Batch processing vs. transaction level processing for deposits automation
09/22/2024
Why are financial institutions moving away from batch processing?
HSAs and Balance Transfers
09/15/2024
Are banks held accountable when customers transfer money from HSA accounts to personal accounts or LLC accounts?