Latest Security - Representative Payee Topics

Question: A banker in New Jersey asks: "We had a three day hold on all deposits made at non-proprietary ATMs until September 1, 1990, when we went to two days, as the law instructed.

Question: A Pennsylvania banker asks: "We have had several inquiries lately from attorneys who want to know if we have an account with a certain individual, and if the account is in good sta

Question: A Tennessee banking officer asks: "We had an inquiry from Medicaid, received in January, 1991, for information on one of our customers. The form was signed and dated in 1987.

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.

In 1948 there were less than 10,000 personal bankruptcies in the United States. In 1981 there were 360,000. In 1989 there were 725,000!