12/01/2001
The government gets Suspicious Activity Reports - lots of them. And from time to time, the government analyzes trends and publishes their findings.
11/05/2001
I had a request to close a custodial account the other day that came from the childs father. My problem is, the only authorized signer on the account in question is the childs Mother. My initial response was to say no but i wanted to seek a second opinion. If it makes any difference, we are talking about illinois law.
10/01/2001
Do Internet banking transfers from a Money Market account to a transaction account count in the 6/3 rule?
08/06/2001
Can you please inform me about recent changes to Reg E? I had a call from a rep at Bankers Systems about updating my ATM/Visa Checkcard app, which included the Reg E language with some new verbiage. Since I don't use that app any longer, he could only inform me that the beginning of the verbiage that was changed was "If you don't complete a fund transfer...". Any help you can give on this topic is appreciated.
08/06/2001
We have a message posted on our Web site that tells customers not to submit emails that contain sensitive or confidential information and that tells them not to use email for specific transaction-related requests. Our system gives us the capability of doing auto-responders to any email submitted. We have drafted an auto-responder that thanks the sender for their message, acknowledges that it was received, but basically reiterates our policy about how they shouldn't be sending confidential or sensitive information or anything about a specific transaction or account. It has been suggested that we might want to add something to it to say something like "We will not act upon email requests for funds transfers, stop payments, account closings, or fraud notifications. These must be done either in person, or by calling such and such number." I'd like to know whether you think this is a good approach or whether there's a better way to handle this. We almost considered not even posting an email address on our site at all to just stop the email.
08/01/2001
Hard on the heels of the FRB's interim rules on electronic disclosures comes guidance from the OCC on Weblinks.
07/01/2001
One of the top concerns put to the regulator panel at ABA's National Regulatory Compliance Conference was predatory lending.
06/04/2001
We allow customers 30 days to examine their statement for errors from when the statement is first made availableto them and 60 days to report any unauthorized signatures, alterations or forgeries. Is the 60 day period mandatory or can we reduce the error notification period to 30 days?
06/01/2001
Reg BB: Community Reinvestment Act
_.42(a): Loan information collected
06/01/2001
Reg CC: Expedited Funds Availability
229.10(c): Funds availability, first $100