Latest Compliance - Operations Topics

ABA's New President: "Embrace Technology, Preserve Trust"

11/01/1999

We've said it here before, but now the American Banker's Association's incoming president is saying it: privacy is our next big issue.

Appointment at the FRB

05/01/1999

This seems to be the season for appointments. Louise Roseman has been appointed Director of the Division of Reserve Bank Operations and Payment Systems, effective June 13, 1999.

FDIC NDIP Exam Procedures

12/01/1997

FDIC has issued examination procedures that contain detailed guides to the examination and audit process.

Question & Answer

10/01/1997

Question: We have a policy of providing overdraft protection but have done so on an informal basis. Now we are considering whether to use a formal agreement with customers.

Letters Of Credit

08/01/1997

Many of our financial institutions issue letters of credit.

What Regulators See As Hot Topics

05/01/1997

At ABA's 1997 National Graduate School of Compliance Management, a panel of regulators from the FDIC, FRB, and OCC answered students' questions.

CRA

The Risk Based Exam In The Compliance Arena

03/01/1997

A panel of regulators at the Maryland Bankers Association's Compliance Conference discussed how their agencies approach the compliance examination using risk and gave valuable advice on how banks s

Don't Take It Sitting Down

12/01/1996

In this issue, we are giving attention to several important areas of the compliance management process including participation in rule makings.

Vendor Guru Q&A's - Compliance

Compliance tiers for Dodd-Frank Section 1071

Batch processing vs. transaction level processing for deposits automation

Exception management and better audits

Resolving credit and loan document exceptions

Proactive loan exception management

Tracking loan policy exceptions

Reasons for loan policy exceptions

Audits and document management

Stop Payment on Venmo Transfer

02/26/2023

A customer made a payment using Venmo over the weekend and it is pending against their account first thing Monday. The customer has discovered the transaction is a scam. Our customer has contacted Venmo who said there was nothing they could do. Can the bank put a stop payment on this payment?

Revoking Provisional Credit under Reg E

02/26/2023

Is there an exception to Reg E that allows us to reverse provisional credit in the event of a merchant credit to the customer? If so, is there a time limit?

Using Corporate Resolutions

02/26/2023

How should banks be using corporate resolutions with business deposit accounts? - Should we be documenting who has what authority to do what as stated in the resolution? - How do banks use them after the relationship has been established? Not all businesses have a corporate resolution created by an attorney, so what should the bank's true role be with these?

3 items for Reg E liability

02/19/2023

A customer had a charge out of his account six months ago. That’s old and means he has unlimited liability so we don’t have to investigate it. Is that right?

IRA Beneficiary wants a Trust

02/19/2023

This pertains to Roth IRAs: assume the owner is deceased and the beneficiaries are child 1 and child 2. They are wanting to close the IRA and would like check made payable to a Trust in the IRA owners name, is this allowable?

Latest Compliance - Operations Topics

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