MNCUN: Closing or Changing Accounts for Consumers & Businesses 2019 | Minnesota Credit Union Network | 13 November 2019 |
What is Qwoted?
Qwoted is a free expert network: we help reporters connect with experts & we help those same experts build relationships with top reporters.
| Event Date | Wed Nov 13 EST (about 5 years ago) |
| Region | All |
Details
Financial institutions routinely open deposit accounts for consumers and businesses and the rules for providing account disclosures, deposit agreements, and signature cards are well established. However, the legal and compliance issues involved with closing accounts are often more complicated. Why? Because there are situations ranging from accountholder death, suspected fraud or money laundering, disputes between account owners, and requests to levy funds. This session will address two areas. First will be the challenges of closing or changing consumer accounts. Second will be specific complexities regarding various ownership categories of business deposit accounts.
Speakers
2019 Speaker
PRESENTER:
Susan Costonis, CRCM
Compliance Consulting and Training for Financial Institutions