Most Popular Compliance Content
CTR for Bank Error
05/07/2023
If a customer doesn't truly deposit or receive over $10,000 in cash, but a bank transaction error causes it to appear that they did, should a CTR be filed or should the transaction just be documented appropriately? Example: A customer withdraws $8,000 in cash. The teller inadvertently runs the transaction twice resulting in software showing a $16,000 total withdrawn.
Illegal Junk Fees in Overdraft fee income
05/07/2023
Has your FI removed fees for authorized positive/settle negative transactions?
I’m an HR Professional desperately in need of “Banking for Dummies”!
05/07/2023
I’m an HR Professional desperately in need of “Banking for Dummies”!
What does BSA have in common with CRA and why should I care?
05/07/2023
Banking is weird sometimes. In my banking job I’m told I need to know about both the Bank Secrecy Act (BSA) and the Community Reinvestment Act (CRA). I don’t understand what those two topics possibly have in common, and why I need to know them. Please explain it simply.
Written request to withdraw Reg E claim required
04/30/2023
Do we need a written notice from the consumer to withdraw their claim?