Links in “Banks”
- Is There Such a Thing as a Violation of “Guidance”?
Lawyers seeing regulatory letters containing laundry lists of alleged "violations" of guidance, and such violations are cited as forming the basis for regulatory sanctions, including enforcement action. [6/18]
- FHFA Targets Bank’s Force-Place Insurance Commissions
Deems commissions to banks as potential litigation and reputation risks. [6/18]
- Second Time’s the Charm: Are You Aware of the Remote Deposit Capture Risk?
A risk that is unique to the remote deposit capture service (RDC): individuals can deposit items twice, first through the RDC route, then a second time over the counter. [6/17]
- Taking a Closer Look at CFPB’s 6 Overdraft Report Sections
Section 5 looks at linking checking accounts to savings accounts and Reg. D issues. [6/17]
- PEW Releases Payday Loans Video
Animation follows "Jennifer," one of 12 million Americans who take out payday loans every year. [6/17]
- Handling CTRs When Lawyer Doesn’t Specify Beneficiary
How to complete the CTR when a deposit is made into an IOLTA account and the lawyer doesn't provide you with beneficiary info. [6/17]
- Survey of Bank Managers: Compliance Risk Is Top Concern
Survey of bank CEOs, presidents and chairmen finds 54% of respondents name compliance as the category of risk that concerns them most. [6/17]
- In Search of the Compliant Online Account Opening Process
Offering online account opening can attract the Gen-Yâers, who are apt to use the web to research a financial product; making that process compliant requires forethought. [6/17]
- Come to Zions, But Beware?
Zions Bank responds to allegations of failing to see warning signs. Reputation Risk in Play. [6/14]
- CFPB and FDIC Announce Money Smart for Older Adults Program
Seven segments include such guidance on common types of elder financial exploitation, scams targeting veterans and homeowners, medical identity theft and more. [6/14]
