My mother has a credit union savings account into which her monthly social security payment is directly deposited. But she only receives a quarterly statement on the account. Aren't credit unions subject to the same statement requirements under Regulation E that my bank has to follow?
Because some of our customers checking accounts were opened Pre-Patriot Act, we do not have a copy of the primary ID, along with other things. Are we required to do the entire CIP (including primary and secondary ID's) for a customer that has had a checking account for years and wants to open a new savings account?
A survey released by the Better Business Bureau and Javelin Strategy & Research showed that some fears regarding identity theft may be out of proportion to what is happening.
A new type of credit card fraud is occurring by telephone in which a phone caller asks for only the three-digit card verification number now used on the back of most credit cards.
National Source One, which provides branch automation solutions to community banks, recently announced its newest product - GoldNet™, a real-time Internet solution.
The FACT Act is introducing a lot of new notices. These notice requirements are well meant in that they are designed to provide customers with useful information.
It's official. The final rule on the identity theft flags and active duty alerts is out. It takes effect on December 1, just in case you had nothing planned for Thanksgiving.
Some consumers believe that the images of checks are not as good as the checks themselves. What are the rules on this for proof of payment or prosecution of forgery?
The collection plates for churches just got a new friend: Two companies that have helped churches transition to the modern age have joined forces to create a product that offers religious organizat
What are the privacy issues related to having a contract person providing loan analysis as opposed to a full-time employee? This person would be required to see financial statements, credit reports, and other personal information about existing customers.