Latest Operations - FRB Topics

Question: We got a check back through the work last week, charged it back to our customer, and mailed him the returned item with a copy of the charge to his account.

Buy Some Books!

Question: I heard you say in one of your seminars that we are no longer required to restrict our customers to endorsing on the 1 1/2 inches on the lead end on the back of a check.

Question: We recently had a search warrant served on us by the U.S. Attorney's Office for a safe deposit box. The case involved a man who was arrested on a drug charge.

Use Of Criminal Referral Form Underlined At BSA Session

Regarding Wire Transfer Rules?

TREASURY/FED ISSUE EASY-TO-TAKE PROPOSAL

Question: Can you tell me when Reg E applies for the $50 liability on the part of the customer? In the case in question, we have customers that used foreign ATM machines.

Question: We've seen quite a few articles in the HOTLINE about the new Criminal Referral Form and the requirements of reporting.

Question: Reg E refers to passbook accounts and non-passbook accounts. We have a statement savings account on which we send quarterly statements.