Most Popular Compliance Content
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?
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?
Tracking follow-up efforts on missing documents
02/19/2023
Why keep track of follow-up efforts when requesting missing documents?
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?