Latest Compliance - Security Topics

The Year 2000 is bringing some potentially serious problems for anything based on, using, or run by a computer.

Question: I'm struggling to explain why HMDA treats these two situations differently.

Consumer Identifying InformationAnd Financial Fraud

The FRB Study

Question: Our check security company has given us a sample adverse action form to use when refusing to open a deposit account because of information the company gives us regarding the consum

Access to the internet is prohibited in many banks because of a concern that the internet could pose a threat to the bank's data system.

Truth in Lending and Regulation Z apply to all consumer credit, that is, credit requested by a consumer and for the use of the consumer. Business loans are exempt from Regulation Z.

The FRB has published a request for comment on the availability of sensitive information about consumers and the ways in which this information can be obtained and used for fraudulent purposes.

Since before Rodash v.

Well-using the acronyms for which this industry is famous, here is part of a quote from an article on the subject of Flood Insurance:

by Brooke Blake