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 The teller inadvertently runs the transaction twice resulting in software showing a $16,000 total withdrawn.
HMDA data must be scrubbed
04/30/2023
I read about HMDA data problems with Freedom Mortgage. What was the real issue?
Overdraft programs, strategy, and fair and responsible banking.
04/30/2023
Is your FIs strategic plan rely heavily on Overdraft programs and the fees they generate?
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?
Written request to withdraw Reg E claim required
04/30/2023
Do we need a written notice from the consumer to withdraw their claim?