The decision allows credit unions and other financial institutions to coordinate use of attorneys, collection of evidence, requests of witnesses, and more.
Updated BSA exam manual released; Which policies need board approval; Plus legal briefs.
New AHC Network rules, legal briefs and the compliance question of the week.
Who do we call if we received counterfeit currency?
Can we require a borrower to triple the amount of money that goes into their escrow account?
Where can we find the home ownership counseling list?
What do we do if a member says he is filing bankruptcy and we just received a garnishment?
Our Compliance Question of the Week answers the question, “Can a POA access a trust?”
The Compliance Question of the Week finds answers to a compelling question. Can we refuse to cash a check drawn off our credit union?
How can a member obtain a copy of their ChexSystems report?
Can a credit union send a member a credit card even though it has not been requested by the member?
Who should we call when the credit union receives counterfeit money?
Do certified checks ever go stale?
If a member wants to purchase a cashier’s check for $9,975 with a service fee of $50 and pay in cash, is the credit union required to file a currency transaction report (CTR)?
The SAFE Act provides for a de minimus exception of five or fewer residential loans during the last 12 months. Is that a rolling 12 months or a calendar year?
If our members write their personal identification number (PIN) on their debit cards, and thieves use the PIN to take money out of the account, do we still have to pay even though the members’ own negligence caused the loss?
What is considered positive owner contact that would prevent an account from going dormant?
If a credit union offers to deposit $25 in a memberâ€™s share account if the member refers an individual to the credit union, and this individual then opens an account, is the $25 considered a bonus?