Latest Compliance - Identity Theft Topics

Defining a loan application

09/02/2018

What is a loan application?

Loan App Retention

08/19/2018

If we take a loan app over the phone, web page or in person, how long do we have to keep each?

Required report on your Red Flags program

01/01/2018

I want to be sure we are correctly handling the annual report that needs to be made on compliance with the Red Flags rule. Two questions: Does the report have to be made to the Board of Directors and what is the content of the report.

Updating your Red Flags program

12/31/2017

marIt’s been about five years since we updated our Red Flags program. Do you think we’re still okay?

CIP & Red Flag ID Compliance

10/12/2009

If a bank relies on an automated ID verification system for both CIP and red flags compliance and there are red flags associated with the name, date of birth, or social security number that go unresolved, are these CIP violations as well as violations of the bank's identity theft program? We only use the system to verify the identity of customer’s who are new to the bank.

Compliance with the FACT Act

03/16/2009

How are banks impacted by the FACT Act?

Achieving Compliance the Cost-effective Way

03/09/2009

How can a bank achieve assured compliance given the constrained information security budgets today?

Red Flags - Monitoring Address Changes

02/09/2009

I was at a seminar presented by Jack Holzknecht regarding implementing the new Identity Theft Red Flag and Address Reconcilement Rules. Do we need to monitor each and every address change or be able to sample a number of them and monitor that way?

Integrating Compliance Programs into your Operational Risk Management Program

12/08/2008

Among credit risk, market risk and operational risk, developing a good operational risk management program seems to be the most challenging. Can't our existing compliance processes (e.g., AML, Red Flags, GLBA, etc.) contribute to operational risk management?

ID Theft Red Flags Examination Procedures

10/27/2008