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Recapture Provisional Credit

04/07/2025
Our bank notified a customer that their provisional credit (following our Regulation E error resolution investigation) was finalized, but then the merchant issued a credit as well. Is the bank able to recapture our provisional credit? (or the merchant credit?)

OFAC Record Retention Change

03/27/2025
With the recent OFAC changes, what records are we now required to keep for 10 years?

"Soft Pull" Of Credit Reports Being Part Of The Prequalification Process

01/27/2025
We would like to start utilizing a "soft pull" of credit reports as part of the prequalification process. What do we need to be aware of with this practice?

Money-Laundering Implications Concerns and Hemp-Related Business Customers

01/13/2025
With the bank getting more and more hemp-related businesses as customers, should we be worried about money-laundering implications if any of these businesses are in a state where marijuana-related activity is legal, but are transferring it to our bank - where it is not?

Revocable vs An Irrevocable Trust

01/07/2025
What are some of the differences between a revocable and an irrevocable trust?

Closing an Account With Social Security Benefits

12/16/2024
We are going to be closing an account that receives social security benefits – are there any timeline considerations to keep in mind??

Final Rule Amending 12 CFR part 328 And Teller Window Signage

12/09/2024
Under the final rule amending 12 CFR part 328, are we permitted to use a sign at a teller window that doesn’t have the gold background?