SOX Compliance in Banking
After Enron, Congress rewrote the rules. For banks, SOX compliance starts not in finance — but in the IT systems that produce every number on the page.
What is Regulation CC?
When a customer deposits a check, federal law governs exactly when the bank must make those funds available — and how long it can hold them. Regulation CC sets the rules, the exceptions, and the disclosures. Here's how it works.
What is Escheatment?
Billions in forgotten bank accounts are transferred to state governments every year. Escheatment is the legal process behind it — and for banks, it's a mandatory compliance obligation with strict deadlines, multi-state complexity, and significant penalties for getting it wrong.
What is a Bank Account Garnishment
When a creditor wins a court judgment, a bank account garnishment lets them seize funds directly from a debtor's account. Here's how the process works, what funds are protected by federal law, and what banks are legally required to do when they receive a writ.
