Most Popular Compliance Content
Authorization to Access a Credit Report
10/18/2004
Which section of the Fair Credit Reporting Act regulates the issue that a customer's credit report should be obtained only after consumer authorization?
FACT Act Notice of Derogatory Information
10/18/2004
The Federal Reserve Board recently issued a final regulation regarding section 217 of the FACT Act. It provides models that servicers can use to notify borrowers that negative or derogatory information has been provided to a nationwide credit bureau. The final regulation indicates an effective date of July 16, 2004. Everything else we have read has a notification compliance date of December 4, 2004. Which date is correct?
Work Hours
10/18/2004
Can the bank where I work change on a daily basis the hours I'm required to be at work?
Can I Accept a Facsimile Signature as an Original?
10/18/2004
Can we accept facsimile signatures as the original signature? What regulations do I need to be aware of when considering accepting facsimile signatures as the original signature? I haven't been able to find anything definitive that says that we can/cannot do this.
Exercising Setoff
10/18/2004
Can a bank exercise right of setoff against a certificate of deposit?