Latest Security - Claims Topics

Working with Cops, Lawyers & Judges
by Dana Turner, BOL Guru

Introduction

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by Dana Turner

Question: We are thinking about buying dealer paper from furniture companies. Are there any special compliance issues we should be concerned about?

Check returns account for less than 1% of the 174 million checks processed each day, according to the American Bankers Association.

The Roper Organization says "Owning your own business" is a very important part of America, according to 17% of people in the Northeast, 23% in the West, 25% in the Midwest and 28% of the South.

Customer Service Reps, take note: there were 10,567 new products introduced to grocer's and retailer's shelves in the first eight months of 1991.

National average charge for bounced checks is $13.51, according to an ABA survey.

According to a study done in California, there is one criminal incident per 3.5 million transactions at the ATM.

How long does it take to maintain basic Community Reinvestment Act records?

The Federal Deposit Insurance Corporation claims it takes banks 2 hours a year to do so.