RSK IQ is our new online Compliance Question and Answer center, intended to provide a streamlined, effective, and faster way to have our best compliance experts answer your inquiries on relevant regulatory compliance matters. RSK.IQ is the quickest and smartest way to connect your compliance question with the right Subject Matter Expert on the topic. Rather than calling and asking or e-mailing a question to just any one consultant, RSK.IQ sends your inquiry to RSK's full family of compliance specialists, and matches your question to the best consultant on the topic.
The CRA and Charitable Contributions
Issue/Inquiry
If the Bank makes numerous donations to nonprofit and community organizations, can it receive Community Reinvestment Act (“CRA”) credit for such?
HMDA and Accuracy of Data Subject to Partial Exemption
Issue/Inquiry
The Bank is eligible for a partial exemption from Home Mortgage Disclosure Act (“HMDA”) reporting requirements. Is the Bank responsible for the accuracy of information collected but not reported?
Regulation D and Transaction Limitations
Issue/Inquiry
The Bank currently limits savings account transfers to six per month. Is this practice still permitted?
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