Alogent recently created a new spreadsheet that helps bankers calculate the cost of their current exception tracking workflows.
Modern Payments Infrastructure: 1 Platform, 1 API, All Channels
Is it time for a solution refresh? Legacy processes can’t always keep up. Ask yourself these questions to assess your payments modernization goals and explore the benefits of a single platform for all Day 1 and Day 2 processing.
FACT Act Policy
Corky Corley, Compliance Officer for Hinsdale Bank & Trust Co in Hinsdale, IL, saw a need to be proactive and address a need for internal guidance on the Fair and Accurate Credit Transactions Act. She produced this 27 page template and decided to it share with her fellow BOLers.
This includes:- summary of the law,
- policy statement,
- sections on ID theft procedure,
- fraud and active duty alerts,
- notice of action taken regarding pricing,
- responsibility of furnishers of credit information,
- disclosure of credit scores,
- sharing information with affiliates,
- protection of medical information
- more, and forms.
This may be a stand alone document for you, tweaked as more of the regulation is released, and/or added to your FCRA Policy.