Links in “Compliance Tips”

As stress testing extends to the $10 billion to $50 billion crowd, a look at some of the lessons learned so far from the stress-testing process of the $50 billion and up club, including the kinds of technology investments that are related to compliance. [7/30]

Why federally chartered credit unions are not permitted to refer to a share certificate as a “certificate of deposit” or a “CD.” Even NCUA, in its recent July Report, doesn’t always get this right. [7/29]

If a consumer applied for an auto loan, giving the institution a permissible purpose to pull the report, does Fair Credit Reporting Act prohibit that institution from making an additional offer of credit based on that report? [7/29]

Banker poses question about whether to report both account holders' names on a CTR for a cash withdrawal in excess of $10,000 from a joint account, and only one of the account holders was present. [7/22]

Whitepaper addresses six best practices for improving the quality of AML screening. [7/22]

OCC provides strong guidance on Debt Collection including 8 Best Practices elements. Emphasis remains on Controls, Oversight, Monitoring and, if needed, Look-back reviews. [7/18]

If you're involved in compliance at your financial institution, here are 5 online resources you should know about. [7/15]

The ever challenging arena of what role an armored car plays in the conductor & beneficiary issues of CTR is addressed. [7/12]

It's not just big banks that should be paying attention to the CFPB's moves; also, a rare opportunity to hear from Meryl Streep and Anne Hathaway in a compliance blog. [7/12]

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]