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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.

First published on 02/01/2005

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Filed under compliance as: 

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