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#159856 - 02/12/04 03:27 PM FACT Act section #s
MackenzieS Offline
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MackenzieS
Joined: Jul 2002
Posts: 1,722
Oklahoma
Okay, I hope I'm just having a rough morning here. I have a copy of the FACTA that the FTC published on December 23, 2003 plus I have a copy of the FRBs effective dates final rule published February 11, 2004. The problem I am facing is the section numbers are not uniform. I went to the FRB website to obtain a copy of the reg (with their number scheme) and I couldn't find one. I am trying to tie the effective dates to the applicable sections of the reg, but its difficult because of the difference. Anyone else having this problem?

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#159857 - 02/12/04 03:35 PM Re: FACT Act section #s
BankerMama Offline
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BankerMama
Joined: Jun 2001
Posts: 1,543
I have the Federal Register Vol 69, No 28 2-11-2004 and unless I am not understanding your question, it looks like it matches up to the Federal Reserve's publication of 2-5-2004.

I find the Federal Register the easiest to understand.

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#159858 - 02/12/04 03:51 PM Re: FACT Act section #s
MackenzieS Offline
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MackenzieS
Joined: Jul 2002
Posts: 1,722
Oklahoma
I am missing the 2-5-04 publication and I am not having much luck finding it...do you have a link?

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#159859 - 02/12/04 04:35 PM Re: FACT Act section #s
BankerMama Offline
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BankerMama
Joined: Jun 2001
Posts: 1,543
I'm sorry but I can't figure out where the heck I got it.
If I remember, I'll let you know.

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#159860 - 02/12/04 06:01 PM Re: FACT Act section #s
Anonymous
Unregistered

Here is the link to the FRB's publication of 2-5-04 (attachment to their press release that day):
Federal Reserve

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#159861 - 02/12/04 07:16 PM Re: FACT Act section #s
MackenzieS Offline
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MackenzieS
Joined: Jul 2002
Posts: 1,722
Oklahoma
Quote:

Here is the link to the FRB's publication of 2-5-04 (attachment to their press release that day):
Federal Reserve




Ummmm.....the link isn't working.

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#159862 - 02/12/04 07:40 PM Re: FACT Act section #s
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,746
On the Net
Mac, give it a minute. I didn't see it, and then I did. If you have trouble, let me know and I can email it to you. It is an 86k PDF file.
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

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#159863 - 02/12/04 09:12 PM Re: FACT Act section #s
Ken Baebel Offline
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Ken Baebel
Joined: Oct 2003
Posts: 23
Massachusetts
Maybe the problem is that there is no regulation per se as yet. The FRB will be using a new Regulation V as they craft the new regulations. The recent section numbers that both the FRB and the FTC used for the effective dates of those parts of FACTA that were not specifically listed in the act are to the FACTA sections and as such do not correspond to the section numbers of the FCRA. I believe that the FTC has published a revised version of the FCRA that incorporates the new and revised provisions of the FCRA. Hope I didn't make this any muddier for anyone.
_________________________
Ken Baebel, CRCM, CRP Director Integrated Compliance Solutions

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#159864 - 02/13/04 12:39 AM Re: FACT Act section #s
Andy_Z Offline
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Andy_Z
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The problem is the FCRA combined with FACTA uses the "600" citations as was common to the FCRA in the past. But the revisions refer to the FACTA citations. There is no table that shows the correlation between the two. At least that I have seen.
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

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#159865 - 02/25/04 05:54 PM Re: FACT Act section #s
Tina A Sweet Offline
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Tina A Sweet
Joined: Aug 2001
Posts: 1,033
Marysville, Ca.
So as I read, will both FACTA and FCRA be alive together?
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Tina A Sweet-Williams
AVP Special Assets
mailto:tsweet@goldcountrynb.com

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#159866 - 02/25/04 06:20 PM Re: FACT Act section #s
Andy_Z Offline
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Andy_Z
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On the Net
Yes. The FACT Act amends and will be added to the FCRA. I am working on a hyperlinked Word version which will be available in the Bankers Tools once it is completed. I find it handy sometimes to be able to hi-lite and bookmark the document. Others may as well.
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

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#159867 - 02/25/04 07:00 PM Re: FACT Act section #s
Tina A Sweet Offline
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Tina A Sweet
Joined: Aug 2001
Posts: 1,033
Marysville, Ca.
The FR and the Fed Res reference sections of the act. I was trying to retreive the document so I could review these sections but have come up with empty hands. Where on the internet would I find these? I have checked the Fed Res, Fed Reg, OCC's site and FFIEC's site, nothing.
_________________________
Tina A Sweet-Williams
AVP Special Assets
mailto:tsweet@goldcountrynb.com

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#159868 - 02/25/04 07:08 PM Re: FACT Act section #s
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,746
On the Net
The Act as in the FCRA with the 600 citations, check the Launch Pad on BOL.
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

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