Compliance Question of the Week

Can an attorney in fact with a general power of attorney that allows them to open and close accounts, run transactions, etc., add themselves as a joint owner on an account of the principal?

Compliance Question of the Week

We received a Notice of Reclamation from the Social Security Administration… but the member is still alive. In fact, he’s standing right in front of me. What should I do?

Credit Unions ‘Fact Check’ ABA Talking Points, Continue to Rally MBL Support

As credit unions continue to push to raise the MBL cap, the banks continue to put up roadblocks. Credit unions have issued a document “fact checking” the ABA’s talking points against S. 2231 as Northwest credit unions continue advocacy efforts.

Compliance Question of the Week

What is the difference between the FACT Act rules for risk based pricing notices published by the Federal Reserve board (12 CFR 222) and those by the Federal Trade Commission (16 CFR 640)?