New Account Check Holds When Adding an Additional Depositor to an Existing Checking Account
Question: Regarding Reg CC and check holds, can we apply a new account exception hold on an established account when a new account holder is added? Answer: Interestingly enough, yes. […]
Is Compliance Ready for AI?
Is anyone else fascinating by ChatGPT and other natural language AI chatbot’s? Maybe you’re wondering if this new piece of technology can help you with your job as a compliance professional. […]
Dwelling Secured Loans Without Land
Question: Our member is purchasing a mobile home as a primary dwelling with 30% down making our loan amount $40,000. There is no land involved, just a lot space rent […]
A brief note about the weirdness of our near-future world; and, these tools aren’t AI
On Valentine’s Day my brother-in-law kindly wrote a poem to his wife, and then other poems to several others of us in a particular chat thread. At least one person […]
And so it begins–2023 Legislative Session
It’s day 1 of the 2023 Utah state legislative session. We’ve been tracking the movement of several potential bills. At least one just made the leap from idea to bill. […]
HMDA again?
Q. Heather, I’ve heard some noise about HMDA (the Home Mortgage Disclosure Act, Regulation C). What are the changes? How can I tell if my credit union has to report […]
HMDA Reporting with Multiple Properties
Q. Heather, I have a HMDA (Home Mortgage Disclosure Act) Question. What if we have a member that is using a residential investment property for collateral to buy another residential […]
