Bank Secrecy Act (BSA)
Act that prohibits the Bank from engaging in certain practices that have the potential to cause consumer harm.
What is UDAP or Unfair or Deception Acts or Practices?
Act or regulation bans discrimination based on prohibited basis (race, color, religion, marital status, etc.) in all types of lending.
What is ECOA or Regulation B?
This regulation helps provide protection for consumers engaging in electronic fund transfers.
What is Regulation E?
This person originally started as an Internal Auditor but moved to the Compliance Department within her first 6 months.
Who is Christie Martin?
This privilege allows customers to spend more than the balance in their account?
What is ODP, Overdraft Privilege?
Act or regulation is specific to consumer-purpose lending and requires the use of standardized forms and loan terms so that consumers receive consistent information to help them shop for the right loan?
What is TILA or Regulation Z?
This product traditionally offers a higher interest rate than a savings account and has an established maturity date?
What is a Certificate of Deposit (COD)?
What is Financial Crimes Enforcement Network (FinCEN)?
Bank Board of Directors must approve this as a foundation for the banks anti-money laundering program. It requires the Bank to certify the identification of each of its customers.
What is CIP, Customer Identification Program?
Act requires the Bank to inform a consumer (in writing) each time the Bank uses a consumer credit report in our underwriting decision?
What is Fair Credit Reporting Act?
This is the status of a checking account that does not have enough money to cover transactions?
What is Non-Sufficient funds (NSF)?
Has been skydiving, swimming with sharks, and this summer plans to walk with lions in Africa?
Who is Jody Mead?
This was signed into office by President George W. Bush in 2001 and helps the government fight the funding of terrorism and money laundering activities.
What is the USA Patriot Act?
Act that is focused on Low-to-Moderate income personas and areas by requiring the Bank to lend and invest in the communities in which they are located.
What is CRA, the Community Reinvestment Act?
Effective January 1, 2018,this act/regulation was revised and now requires the Bank to collect and report additional loan data, including Credit Scores, Loan-to-Value, Debt-to-Income, etc., on an annual basis?
What is HMDA or Regulation C?
This risk mitigation tool requires two people to complete a specific process.
What is dual control?
This person is musically trained and can play the piano, violin, guitar, trumpet, and French horn?
Who is Julie Ogburn?
Federally supervised and insured depositary institutions are required to file these but cannot tell anyone that they filed them.
What are Suspicious Activity Reports (SARs)?
The regulatory agency created by the Dodd-Frank Act in 2010 which now has rule-writing authority over many of the federal banking regulations.
What is the CFPB or the Consumer Financial Protection Bureau?
A type of analysis or review that compares and contrasts the Bank’s loan data to determine if the bank is lending on impartial basis?
When the Bank wants to make a change to a current account or product that could have an adverse effect on a consumer, Regulation DD (Truth in Savings) requires the Bank to notify the consumer at least how many days in advance of the change?
What is 30 days?
This part-time farm girl showed the grand champion Hereford heifer at the Jackson County Fair.
Who is Sandy Marcus Lindgren?