Compliance Question of the Week

On an application we received indirectly from a dealer, I noticed there was not a section for a joint applicant to evidence his or her intent of being a joint applicant. Instead, there was fine wording at the bottom where the co-applicant affirmed the accuracy of the information and evidenced his or her intent to be joint applicant. Is this okay?

Log with Photos of ATM Helps Credit Union Win Reg. E Lawsuit

A federal judge in Harrisburg, Pa., dismissed a lawsuit that had alleged a credit union violated the Electronic Funds Transfer Act with improper ATM fee notification, ruling that a third party had removed the credit union’s posted notice illegally.