Compliance News

Deposit

05/10/2008	Is any notice required when a financial institution withdraws funds from a checking account under the right of offset on a loan?
05/06/2008	FRB Proposes Rules to Prohibit Unfair Practices Regarding Credit Cards and Overdraft Services
05/03/2008	Regarding checking Overdraft Lines of Credit, if a consumer checking account is set-up jointly, are both parties required to apply for and sign the documentation for the Overdraft Line of Credit or can only one of the owners apply for and sign the Overdraft Line of Credit documents.
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Financial Crime Enforcement

05/13/2008	OCC Issues Application Security Bulletin
05/08/2008	We live in a rural community where many of our customers have PO Boxes. Sometimes physical addresses are not present. Are we required to collect a physical address for CIP purposes?
05/06/2008	“Red Flag Rules” and Indirect Auto Lending
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HSA

05/02/2008	Relief for Certain Direct Deposits of Economic Stimulus Payments
04/16/2008	We’ve been told that we should use a power of attorney (POA) on a Health Savings Account (HSA) because you cannot have an authorized signer on a revocable trust account. Is that true?
04/02/2008	How are HSA distributions taxed after an HSA owner is no longer an eligible individual?
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Indirect Lending

05/06/2008	“Red Flag Rules” and Indirect Auto Lending
05/06/2008	South Carolina Increases Its Delinquency Charge
04/04/2008	Indiana Increases Its Delinquency Charge
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IRA/CESA

05/14/2008	An IRA owner died in 2007 before taking his required minimum distribution (RMD) for the year. His three nonspouse beneficiaries did not take the distribution either, saying they wanted everything to go through the estate. Will there be a penalty?
05/07/2008	One of our IRA owners also has IRAs elsewhere. He is turning age 70½ this year and will have to begin taking required minimum distributions (RMDs). How do we calculate the RMD since the IRAs are with different companies?
05/02/2008	Relief for Certain Direct Deposits of Economic Stimulus Payments
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Lending

05/13/2008	Can you give us some detail about the preemption of state laws as it affects lending by national banks?
05/09/2008	Regulators Issue Risk Based Pricing Proposal
05/06/2008	FRB Proposes Rules to Prohibit Unfair Practices Regarding Credit Cards and Overdraft Services
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Mortgage

05/13/2008	HUD Extends RESPA Proposal Comment Period
05/09/2008	In what circumstances are we required to collect the “Information for Government Monitoring Purposes?”
05/06/2008	Are we allowed to provide Truth-in-Lending disclosures in Spanish?
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State Law Issues

05/06/2008	South Carolina Increases Its Delinquency Charge
04/04/2008	Indiana Increases Its Delinquency Charge
01/03/2008	Colorado Division of Real Estate
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