Latest Compliance Topics

Question & Answer

12/01/1994

Question: The article entitled "The $3,000 Log is Gone Forever...But" in Volume V, No.

Check Fraud Prevention Advice from ABA's Check Fraud Task Force

10/01/1994

by Charles J. Bock, Jr., CFE and Bruce P. Brett

Check Kiting, Float for Purposes of Profit

10/01/1994

By Kevin B. Kendrick, Supervisory Special Agent, Federal Bureau of Investigation

Maryland ATM Law- Headache Material!

09/01/1994

We managed to catch Ray Ellis, Vice President and Security Manager of First Union National Bank in Roanoke, VA at his desk this week.

New Certification For Business Lenders

09/01/1994

The Institute of Certified Bankers now has a program for the certification of individuals with at least seven years of banking experience and who provide credit and other financial services to smal

Goodbye, $3,000 Log!

08/01/1994

First Step of Regulatory Burden Relief Due Soon

Statistics, Facts & Such

06/01/1994

The FDIC has planned 10,949 examinations for compliance, trust, electronic data processing for 1994.

Focus For Examiners In 1994

03/01/1994

At a session titled 'The Board's Role In Compliance' at the Independent Bankers Association of America Conference in Orlando in February, banking attorney Martin Lowy said that financial institutio

Question & Answer

02/01/1994

Question: We're already subscribers to the BANKERS' HOTLINE and we got an ad through the mail addressed to the "Auditor" of our financial institution.

Same-day Settlement A Security Problem Too

01/01/1994

Security and compliance officers need to work together implementing the new Same-Day Settlement rule that went into effect on January 3, 1994.

Vendor Guru Q&A's - Compliance

Compliance tiers for Dodd-Frank Section 1071

Batch processing vs. transaction level processing for deposits automation

Exception management and better audits

Resolving credit and loan document exceptions

Proactive loan exception management

Tracking loan policy exceptions

Reasons for loan policy exceptions

Audits and document management

Reg B - Application Signed With a "Courtesy Title"

04/14/2008

If a member fills out an individual credit card application and signs it "Mrs. Ethel Jones", has the credit union violated Reg B by accepting a "courtesy title" that indicates the applicant's marital status, which cannot be considered on the application for unsecured credit?

Lowering Interest Rates on Existing Mortgages

04/14/2008

We are offering to lower the interest rates on existing mortgage loans for our good customers. Do we need a new disclosure signed by the customer?

Continuous Overdrafts Fee - Notify Customers?

04/14/2008

We are adding a new fee to overdrafts where we will be charging a continuous overdraft fee after being overdrawn for five days. Are we required to notify customers beforehand? Also, are we required to send a notice when this charge has been assessed?

HMDA - What Census Tract Info Do We Use?

04/14/2008

In regard to HMDA, if a personal residence is being used to improve another property what census tract information do we use? The collateral census information or the property on which the improvements are being done?

Eliminating Float a Regulatory Requirement?

04/14/2008

Due to the recent implementation of image cash letter transmissions at our financial institution, we have experienced an increase in our immediate funds availability. Have there been any changes to banking regulations that would require us to change our float tables and eliminate the two day or three day float, as it pertains to paying interest to our clients on these expedited available funds?

Latest Compliance Topics

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