03/12/2012
In talking with The Federal Reserve Board, it was determined that a negative finance charge is not a charge but a credit and should not be used in calculating the APR. We have found a blog on <a href="http://www.bankersonline.com/lending/guru2010/gurus_ldng102510a.html">BankersOnline website</a> that states differently. Where can we find the information to back up the answer that was given on this blog?
03/05/2012
REF: Repeal of Reg Q allowing interest on demand deposit account. Where can I find this change in the regulation since the new CFPB has taken over? It was previously in FDIC Part 329 Section 329.1 (b)...Where can I find the new wording?
01/23/2012
In lieu of the risk-based pricing notice, we use the credit score exception notice. It automatically prints every time we pull a credit bureau report. I understand the purpose of the risk-based pricing is for lending, but we also use the credit bureau report to determine if we will open an account. Is it permissible to give this credit score notice with an AAN when denying deposit accounts?
01/09/2012
Can someone please explain what rule Bank Float and Customer Float are associated with and how they interact with Reg CC?
12/05/2011
What is the difference between a NOW (negotiable order of withdrawal) account and a DDA (demand deposit account)?
10/17/2011
We have a customer that authorized a company to debit her account $800.00. The company sent a paper draft in the amount of $995.00. How long do I have to return the item?
09/19/2011
What type of holds can be placed on official-type items such as cashier's or government-type checks? What rules accompany these holds?
05/10/2011
Has the $100 availability amount regarding Reg CC changed to $200 or is it still $100? Is this maybe a change that was included in all the Frank-Dodd Reform Act stuff? If the $100 availability amount did change to $200, when was the change effective? Was it an immediate change?
02/28/2011
I once read something that stated the Equal Housing Lender logo (EHL) should be displayed anywhere a home loan application is received. Should a national bank have the EHL logo displayed on each loan officer/customer service desk where home loan applications are received or is the lobby poster sufficient?
02/21/2011
What reg says that partnerships and corporation accounts can not be a interest bearing account?