Most Popular Compliance Content
$250,000 in insurance? That’s it?
07/23/2023
Can a person have more than $250,000 in deposit insurance?
What is a facially neutral policy?
07/23/2023
What is a facially neutral policy?
Paying out CTR-able cash, sans SSN
07/23/2023
We have a non-banking client who received several checks from his deceased grandmother (our client) which total over $10K. He is traveling from KS to Fla to cash these checks. Our problem is that he doesn't have a Social Security Number. Can or should we cash the checks and create a CTR, or refuse him? He does have a DL. He lives off the grid....we will file a SAR for sure.
What is modern-day redlining?
07/23/2023
What is modern-day redlining?
Insiders and Overdrafts
07/16/2023
An executive officer has a debit card transaction that has caused an overdraft. As to Reg O, we would pay and charge the fee. But as to Reg E he has opted out which means we would pay the item and not charge the fee. I don't know which Reg takes precedence. The account is overdrawn less than $100.