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#1995310 - 02/11/15 05:21 PM Red Flags Risk Assessment
comprunx3 Offline
100 Club
Joined: Aug 2004
Posts: 149
SouthEast
Where does it require that the board approve the original Risk assessment, or does it?

Thanks - I am a little new at this.
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#1995381 - 02/11/15 07:16 PM Re: Red Flags Risk Assessment comprunx3
Ted Dreyer Offline
Diamond Poster
Ted Dreyer
Joined: Apr 2001
Posts: 2,245
Section 222.90(e) of the Federal Reserve's Reg V requires that the initial written Red flags Program must be approved by the Board or an appropriate committee of the Board.
http://www.bankersonline.com/regs/222/222-90.html

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