Links in “Banks”
- Employee Recommends Structuring to a Customer: Now What?
If you overhear a fellow bank employee recommend to a customer to avoid a CTR by splitting a deposit over two different days, how big is your problem? (Hint: it's pretty big.) [7/15]
- House Republicans Present PATH Act Counter to Dodd-Frank
The Protecting American Taxpayers and Homeowners Act (PATH) aims to fix housing finance and end the bailout for good; House Finance Services Committee will meet Thursday to discuss. [7/15]
- The Coming Compliance Storm: What Smaller Financial Institutions Can Do Now to Prepare
There are indicators out there suggesting that a compliance storm is coming. First waves are aimed at the big banks, but the smaller financial institutions won't be spared, either. Larger institutions have deeper pockets, but smaller institutions have an advantage their larger counterparts don't. [7/12]
- FHA Deal Struck in Senate
No details yet, but reports are that a bipartisan deal has been struck in the Senate to overhaul the Federal Housing Administration. [7/12]
- How Many Full-time Employees Does It Take to Handle Remittance Exceptions?
62% of survey respondents say they have 1 to 5 full-time equivalent employees handling remittance exceptions or discrepancies. [7/11]
- ATM Robberies and Reg. E
Does Reg. E cover a customer who withdraws from ATM and gets robbed as he was about to get into his car? [7/11]
- Breaking Down New Remittance Transfer Rules
Don't get tripped up by thinking that a word in a regulation has the same meaning as the everyday vernacular or as another regulation. [7/11]
- Bank Refuses to Honor 1982 Cashier’s Check
Circuit court judge agrees with 73-year-old man and orders Wells Fargo to pay $10,768; Wells Fargo is appealing. [7/11]
- Do You Know the Liability Risks of Your Social Media Program?
An industry legal expert identifies the specific legal risks that every credit union should know about and provides recommendations for enhancing your internal policies and procedures. [7/10]
- Like Checklists? Then You’ll Love CFPB’s Dodd-Frank Readiness Guide
Part II of new guide offers a checklist tool for self-assessment in determining your CUâs progress towards compliance with the new mortgage rules. [7/10]
