Most Popular Operations Content
Reporting other information
05/21/2023
The CTR includes fields in Part I for “gender” (item 7), “contact phone number” (item 18), and “E-mail address” (item 19). They are not identified as “critical” fields. Do we have to ask for this information to complete the CTR?
Does this qualify for a CTR exception?
05/21/2023
We've classified a 501(c) nonprofit organization as a phase I government entity because it receives public funds. We have not filed any CTRs because of this. We've had questions about it, does this not qualify as a government entity as stated in 31 CFR 1020.315?
Online Out of Area Apps and Adverse Action
05/21/2023
Non-real estate loan applicants can use our online form to request a loan. Based on their address we will know if they are in or out of our market area. In some cases an online request is stopped before a credit report is pulled and the person is not allowed to complete the application because they receive a message saying they are outside our market area. The bank does not send any other other notification. Are we required to send an adverse action notice if the bank's practice is to not make these type loans outside of our service area?
Day 1 and Day 2 Processing
05/14/2023
Why is it important for Day 1 and Day 2 processing to be streamlined and synced?
Counterfeit NFTs
05/14/2023
Can Non-fungible tokens (NFTs) be counterfeited?