Most Popular Compliance Content
Retention of Physical Deposit Hold Notices-Reg CC
02/05/2017
What is your view on retention of the physical deposit hold notices to meet Reg CC retention requirements? We recently converted our core system and have the opportunity to electronically record data used to populate deposit hold notices rather than retaining the physical forms.The data will be in the form of a report rather than a customer view of the notice. Parameters are set in the system for hold types, hold days, and makes consideration for multiple hold scenarios such as large deposit hold for amount over $5,000, two day availability for $4,800, and next day for $200.There is also a required field for facts to support reasonable cause holds when confidential information is selected.
Will my bank be exempt from HMDA?
01/29/2017
We are not sure if we will be subject to HMDA in 2018. How do we determine this?
Signing a consent order
01/29/2017
Is a financial institution required to sign a consent order?
AAN on New Account
01/29/2017
Do we give an adverse action notices when we turn down an account?
Declaration Page Evidencing Coverage (Flood Rules)
01/29/2017
We have a no cashout refinance where property is in a flood zone. The way I read the flood rules, we still need a declaration page evidencing coverage and then during our ongoing monitoring of the property, we can then accept a notice of insurance coverage at that point. Is this correct?