Most Popular Compliance Content
Penalties For Not Complying with Recent FFIEC Guidance
01/15/2007
What are the penalties for not complying with the October 2005 FFIEC Guidance, "Authentication in an Internet Banking Environment?"
FDIC Signage Change
01/15/2007
With the increase in deposit insurance for certain retirement accounts, has the FDIC made changes to the official sign? If so, when do we need to have the new signage?
Employee Credit Report
01/08/2007
May we pull a credit report for an employee at the request of the employee?
Imaged Copies of ID
01/08/2007
We currently take copies of picture ID when opening new accounts and place the imaged document on our mainframe. We do not have paper files. The question came up whether there are any Reg B violations since this info is readily available to the lenders. We have been through several OCC exams and nothing has been said but now I wonder if there are any problems having this available. From what I see, it is no different than having a paper file with the ID in it but I wanted someone else's opinion.
Credit Report - Statement of Denial
01/08/2007
I have a friend who works at a broker and he tells me that they send out a statement of denial 3 days after running the credit report to satisfy Reg B for every loan. Is this in compliance?