Latest Compliance - Technology Topics

Question: An outside auditor recently criticized our ARM disclosures because they do not include the demand feature disclosure.

Hand in hand with the effort to make funds quickly available to customers through the Expedited Funds Act and Regulation CC comes the concern of losses through check fraud and kiting schemes.

Question: Our lending staff has been approached by a mortgage broker who would like to refer loan clients to the bank. He would charge the bank a fee for the referral.

President Clinton has announced two nominations to the Board of Governors of the Federal Reserve System.

A Commentary is a document which interprets and explains the regulation and law. But commentaries are not always clear and self-explanatory.