10/01/2004
- Over 22 million prepaid debit cards (stored value cards) will be issued in 2004.
09/01/2004
Note: special thanks to Mollie Newsome Sudhoff for research and assistance with this article.
08/02/2004
What is the latest information on the right of setoff? We have heard that there are some stricter rules. Would these apply to certificates or loans?
04/19/2004
What guidance or rules are there as to retention of bank surveillance film?
02/16/2004
Recently, I called another bank to see if a check that my customer had would clear on the account drawn at their bank. They told me that due to privacy laws they could not give me that information. All I needed was to give them the amount of the check and for them to say yes or no on whether or not it would clear. Does the new privacy law really prevent from a bank from being able to call to see if a check will clear?
10/01/2003
- There are now more than 371,000 ATMs in the United States. The average number of transactions per month, per machine, in 2003 is 2,509 - up from 2.432 per machine in 2002.
08/18/2003
Our auditors recently recommended that we have someone who does not have transaction posting authority handle our returned mail which is mostly statements. We understand the risk, but we're a small institution and feel that this is one step too far in managing it. Some type of management audits would seem to be sufficient. Any thoughts?
08/18/2003
The term "e-banking" is what I need help with. What is the definition of "e-banking"? Our bank offers on-line banking, however, accounts cannot be opened on line, only transactions. The paperwork is done either in-person or by mail. Is this true "e-banking"?
08/04/2003
As it relates to IT examinations, what are the top "hot buttons" for regulators?
07/22/2003
Problem 11 - continued:
Re: Liability of the bank on checks paid during the past year bearing forged signatures: