Topic: Mobile Banking
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Our examiners and auditors want us to create a mobile banking policy. Do you have any samples?
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We have attached sample remote deposit capture policies that we pulled from the ABA’s online compliance forum — we could not locate any policies that covered mobile banking in general. While we did not write these policies and cannot vouch for their accuracy, they may be helpful as a starting place for writing your own…
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Can we hold a giveaway that is limited to the first two hundred people who download our new mobile banking app?
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Although we cannot offer any legal advice, we would recommend examining the federal lottery prohibition, as well as the Illinois laws discussed below, before going forward with the promotion you described. As to federal law, the National Bank Act states that a bank may not (among other acts) “announce, advertise, or publicize the existence of…