Legal

New FDIC Guide to Deposit Insurance Of Trusts & POD Accounts Qualifying Beneficiaries One-Owner Revocable Trusts Revocable Trust Becomes Irrevocable Primary & Contingent Beneficiaries Changed Amount of Insurance? Certificate of Trust? Life Estate & Remainder Beneficiaries Joint Revocable Trusts POD Accounts Contingent POD Beneficiaries Joint Accounts with PODs Irrevocable Trusts

“Local Check” Area Expanding on April 19 Recent Court Ruling Concerning Liens on Indian Car Titles Using W-9s (With SSN or ITIN) or W8-BENs to Open Accounts

Understanding Representative Payee Accounts When is a Representative Payee Appointed? Correct Account Styling Guardian/Rep Payee Successor Trustee/Rep Payee POA/Rep Payee Only a Rep Payee Only an Authorized Signer Joint Accounts Organizational Rep Payees Rep Payees for Children

Replacing a Cashier’s Check Based on Declaration of Loss Basis for Charging “Unauthorized” Items to Customer’s Account Other Ways a Forged Signature is Not a Forgery

Duties of Card Issuers Regarding Address Discrepancies Verifying Social Security Numbers Permitted Number of Transactions on Savings & MMDAs

Discussion of Identity Theft Red Flags Developing Responses to Red Flags Suspicious Activity Reports & Privacy Exceptions Example of SAR Filing       Credit Report Alerts & Notices Suspicious Documents Suspicious Personal Identifying Information Unusual Use/Suspicious Activity on Account Notice of Identity Theft

Joint Regulation on Identity Theft Red Flags & Address Discrepancies

D.O.D. Lending Regulation for Servicemembers

Servicemembers’ Civil Relief Act—Impact on Lenders

Background on Subprime Mortgages Interagency Guidance on Subprime Mortgages Statement’s Coverage What is “Subprime”? Substantial Risk Factors Balloon Payments? Consumer Protection Principles Underwriting Standards Control Systems