Most Popular Compliance Content
Program Requirements for Red Flag Compliance
10/27/2008
Are all institutions required to have a detailed written Program for Red Flag Compliance?
Checking Account to Checking Account OD Protection
10/27/2008
What are the regulations regarding checking account to checking account overdraft protection? Is there a stipulation in Reg D prohibiting this?
Adverse Action - Ex is Only Source of Income
10/27/2008
We have a single applicant whose only income is support from her ex-husband and the support only began last month. What reason do we use on the adverse action form?
Responsibility for Notifying Dealers and Brokers
10/24/2008
Are auto dealers and mortgage brokers being notified they are required to have ID Theft Prevention programs in place, or is it up to the financial institution to inform them?
Red Flags and Collections Procedures
10/23/2008
When we are collecting delinquent loans, it's common that borrowers will claim verbally that accounts are not theirs, or they never took out the loans in attempts to avoid paying. We already take steps under FACTA to send letters requesting additional information to research these claims, even if the account is legitimate. Is there any other action required under the Red Flags guidelines on these claims that are not legitimate?