07/18/2005
When a parent opens an account for a minor and uses the minor's Social Security number, but only the parent signs on the account, is the ownership of the account joint or individual?
07/13/2005
FDIC Raises the Bar on Data Security
By John Burnett
07/04/2005
Do you know of any FDIC or FRB regulation that would prohibit a banking branch office from closing for one hour for lunch?
07/04/2005
In a recently posted Guru Q&A relating to the annual review of government agency exemptions from CTRs, the guru stated those exemption's must be reviewed annually. I do not believe this is correct. Everything I have read states that annual reviews are not required for government entitites that are exempt under the Phase I exemptions. Could you point me to something from FinCEN or the BSA rules that mandates the annual reviews for government entities?
07/01/2005
The Federal Deposit Insurance Corporation (FDIC) is receiving complaints from consumers who received an email that has the appearance of being sent from the FDIC.
07/01/2005
- Approximately 12 million CTRs are filed annually. FDIC, Supervisory Insights, June, 2004
06/20/2005
If a grocery or convenience store states, in writing, that they will no longer cash checks (for free) of $1,000 or more, must they register as an MSB? Is it, once an MSB, always an MSB?
05/02/2005
My question is we have a business with two separate accounts but using the same TIN. Are we required to file two designation of exempt forms in this instance? Our recent FDIC exam said yes and not that I'm doubting them I wanted to find out for sure. If we report the same business name twice with the same TIN it seems like one form would wash out the other form.
04/25/2005
by Marie Alexander
If John Dillinger were robbing banks today, he wouldn't be waving a gun to do it. He'd be clicking a computer mouse.
04/01/2005
Main Street Bank, Herndon, VA recently became the first locally owned bank in Virginia to offer customers FDIC insurance up to $10 million.