06/30/2024
We need some clarification on holds. if a customer makes a check deposit in a branch on the 14th, would the 15th be the next business day (2nd) or would it be the first business day- implying that the day of dep (14th) does not count. Also, if the date of availability is the 17th, do the funds need to be hard posted on the 17th, or can they be memo posted to the customer's account?
06/23/2024
Where can i find an updated Regulation CC schedule?
06/23/2024
We are advertising an open-end product via direct mail. The advertisement has triggering terms of 0% APR and $0 annual fee. We are trying to determine if each triggering term needs to have an asterisk directing the consumer to the terms and conditions to meet the rule requirements or if we can just provide a single link in the direct mail piece to the terms and conditions webpage that covers all the triggering terms.
06/16/2024
A husband and wife come to the bank. The wife has an account with us the husband does not. The wife withdrawals $10,000 from her checking account. Then she and her husband cash three checks not drawn on us but made payable to both of them totaling $2,500. I know we will include this on the CTR under her Part I, but should he be listed on the CTR? He only benefited from the $2,500 but that transaction is tied with her as a CTR?
06/16/2024
I know this question has been asked before but I'm having issues with explaining this to one of our Financial Managers. When a reportable cash transaction is made into a joint account, we need all the joint account owner's information in order to complete the CTR for filing. Am I correct?
06/09/2024
Is ChexSystems signage required on every desk where accounts are opened?
06/09/2024
Does state law take precedence over Reg E when it comes to length of time a consumer has to report unauthorized debit card activity? If State law is more favorable to the consumer, then we have to follow state law. right? I am trying to find out if a consumer can report unauthorized debit card activity after, say, 2 or 3 years in Massachusetts.
06/02/2024
What could happen if we are now leaving renters, locksmiths, visitors, children, or any other non-renter in our vault alone?
06/02/2024
Is a financial institution required to perform OFAC screening of new or prospective vendor or service provider before the contract is approved?
05/26/2024
Why are many nationwide financial institutions eliminating our extremely popular, 160-year-old safe deposit box service?