Maintaining Member's Privacy/Social Media/UDAAP
Given to member at time of opening account and annually
What is the Privacy Policy?
Unauthorized electronic funds transfer
What does Regulation E Governs?
Regulation requires federally insured credit unions to establish and maintain appropriate safeguards to protect the financial system from threats to national security
What is Bank Secrecy Act (BSA)?
Automatic payroll deposits
Adopted rules that apply to all entries transmitted through one or more ACH Operators
Who is the National Automated Clearing House Association (NACHA)?
Forums, Blogs, Podcasts, Social Networks, Dating Sites, Image Sharing, E-books and Online Magazines, Enhanced movie experiences, etc...
What is Social Media?
45 business days
How long do we have to investigate a disputed transaction with a provisional credit?
Report filings of cash transactions of more than $10,000
What is Currency Transactions Report (CTR)?
Agency notification of a death
Fraud monitoring of Originators, Third-Party Service Providers/Third-Party Senders
What are the requirements for ODFIs?
The Marketing Department is responsible for the proper and timely handling of Facebook and Instagram
What Social Media Platforms the CU maintains a presence on?
Cards, Online Banking Passwords, and Mobile Banking Passwords
What is an access device?
Name, SSN/EIN/ITIN, Identification, Phone number, Email, Address, Occupation, and Date of Birth
What information is needed for the conductor of the cash transaction?
Shows the banking days and the deadlines for a Reserve Bank to receive and process credit and debit items of various classes for same day or future settlement
What is the FedACH Processing Schedule?
ACH credit monitoring to implement risk-based processes and procedures to identify credit entries initiated due to fraud
What are the requirements for RDFIs?
Key roles such as monitoring public and member feedbacks, detecting and taking corrective actions, and identifying the need for training or changes to policy procedures, or practices
What is consumer complaints?
Unable to charge a fee for an ATM and one-time debit card transactions unless member opt in
What is the Overdraft Rule?
Filed whenever there is an activity related to financial crime greater than $5,000 (known suspect) or $25,000 (unknown suspect), bad activities which helps law enforcements
What is Suspicious Activity Report (SAR)?
A facility that clears debit and credit items for banks
Who is the automated clearing house (ACH)?
Payment by a Person misrepresenting a person's identity, person's association with or authority to act on behalf of another person, and ownership of an account to be credited
What is a process of False Pretenses?
What is Unfair, Deceptive, or Abusive Acts or Practices?
Contract which covers member's and CU rights and responsibilities concerning the electronic fund transfers (EFT) services
What is the Electronic Fund Transfers Agreement and Disclosure?
The act that requires credit unions to take extra security precautions to help the government fight the funding of terrorism and money laundering (CIP/MIP, CDD/EDD, and Beneficial Ownership)
What is the USA Patriot Act?
Process items in accordance with the applicable ACH rules and Operating Circular 4
Who is the Federal Reserve Banks?
clue:(PPD Credits vs. e-commerce)
What is "Payroll" and "Purchase"?