Most Popular Compliance Content
Is permission required to use ChexSystems?
02/23/2025
We use ChexSystems for deposit accounts. We have a legitimate business need/permissible purpose to run Chex on those looking to open a consumer account. Do we need to be obtaining written permission from the consumer prior to running Chex?
Retention of 314(a) records
02/23/2025
Do we need to retain old FinCEN 314(a) files? If so, for how long?
Keep Calm and Carry On
02/23/2025
There’s a lot of change going on right now, in every aspect of our lives.
Zelle – A Fast and Easy Path to Compliance Concerns
02/23/2025
The Zelle® payments network is advertised as "a fast and easy way to send and receive money." It turns out, it is also a fast and easy way for customers to lose money.
Inside the CFPB – What’s Going On?
02/16/2025
What's going on inside the Consumer Financial Protection Bureau (CFPB)? Perhaps the short answer is "turmoil." Here's the longer answer, based on what we know as of the date of this writing.