August | 2021 | Alabama Bank News

Banking On Inclusion: America’s Banks Embrace Bank On Movement

Breaking, Industry Reports, Publications

By Rob Nichols, American Bankers Association America’s banks have a longstanding commitment to helping reduce the number of unbanked and underbanked individuals and families in the U.S. July marked a major milestone in that endeavor, with an announcement from the Cities for Financial Empowerment ...Read More

Compliance Q&A: Giveaways and the Bank Lottery Rule

Breaking, Compliance Q&A, Publications

Q: We would like to have a giveaway contest but are concerned with the requirements under the Bank Lottery Rule. What should we consider? A: Under the Bank Lottery Rule, with the exception of a savings raffle, any advance of money or credit by ...Read More

Compliance Q&A: ACH Transfers and Reg CC

Compliance Q&A, Publications

Q: The bank offers a service that allows funding new accounts through an ACH transfer authorized from the bank. For example, the Customer is opening a new account at Bank B and has an existing account at Bank A. Our service allows the customer ...Read More

Monthly Archive:: August 2021