Most Popular Compliance Content
Written request to withdraw Reg E claim required
04/30/2023
Do we need a written notice from the consumer to withdraw their claim?
Paying Preferential, Unadvertised Rates
04/30/2023
With our Money Market account, we would like to pay higher rates on some accounts to allow us to retain top clients. The rate may vary depending on the customer relationship. We would not be advertising these rates. Would there be any compliance concern with this practice?
Requirement to Verify a Beneficiary
04/23/2023
Are there any specific requirements that we verify that a beneficiary is a natural person, charitable organization, or other non-profit entity for purposes of complying with 12 CFR 745.4(c)&(d) - beneficiary of a trust?
Can we register now?
04/23/2023
Does my business customer have to set up on BOSS now?
Unchecked fee income practices with NSF and Overdraft Fees are a HUGE UDAAP issue.
04/23/2023
Has your FI reviewed and adjust fee income for Overdraft and NSF items?