Archive for June, 2009
-
Jun 29, 2009
No CommentsNew Account Fraud can be controlled
By Kevin Byrne, Senior Regulatory Consultant, Wolters Kluwer Financial Services After reading the article below, you wonder how a person can successfully perpetrate new account fraud via identity theft at a financial institution (FI). Simply put, it shouldn’t happen. ID theft is now “old news” and we all know how the thieves get the information...
-
Jun 11, 2009
No CommentsHeads or Tails?
by Amy Downey, VP Professional Services, Wolters Kluwer Financial Services | PCi Compliance management and safety and soundness are two sides of the same coin. If you manage your consumer compliance you will also be managing your safety and soundness. I recently heard this during an interview with the regulators at the ABA Regulatory Compliance...
-
Jun 10, 2009
No CommentsOverheard at the ABA Compliance Conference
by Edward B. Kramer, Executive VP, Regulatory Programs Below are a few very-telling snippets I heard from the Federal bank regulators while attending the ABA Regulatory Compliance Conference in Florida: Be aware of the fair lending implications of your credit tightening in the current environment. Remember that fair lending/predatory lending violations will be factored into...
