Consumers have a lot of complaints about fraud in the market place.
Where: Philadelphia Airport Marriott, Philadelphia, PA
Cost: 2-Day Workshop, $795 Full-Day Pre-Workshop Session: $295
The Federal Trade Commission has proposed changes to its Telemarketing Sales Rule ("TSR") and asked for public comment. One of the changes is triggered by provisions in the Patriot Act.
Jim Harper, president of Privacilla, in his speech to the privacy conference hosted by the Progress and Freedom Foundation and the Pacific Research Institute, raised the core question: what is priv
It's official. The Federal Reserve plans to stop predatory lending by making the disclosures for high-cost mortgages more complex.
Is it allowable to xerox a person's driver's license photo? Some tellers were doing this for non-customers cashing checks at our bank, but another employee says we cannot do that.
The government gets Suspicious Activity Reports - lots of them. And from time to time, the government analyzes trends and publishes their findings.
A longtime customer's employee has stolen checks from his business account. The employee was not an authorized signer on the account. Isn't there a provision in the UCC that says the bank is not liable for unauthorized signatures if the suspect is an employee?
Lucy Griffin explained to our Minnesota Bankers compliance group that we must not keep photo copies of picture IDs in loan files because of a possible Reg B violation. However, we also do this when we open new accounts (it could be helpful in cases of identity theft, or just so staff will recognize new customers). We also do it when we make a credit card cash advance for noncustomers, as we have experience identity theft there. Can we do this in nonloan situations and not run afoul of Reg B or other regs?
In the past year, my Bank has experienced an increase in losses due to bad checks (mostly because holds (1) are not being placed and (2) the hold is expiring before the check is returned. Management wants to implement a new hold policy where we place an exception hold on every deposited check that is not onus. I have told them they can't do this but they won't listen even when I explained the penalties involved. Any guidance?