Regulatory Compliance
By: Wendy Greenawalt The final provisions included in The Credit Card Act will go into effect on August 22, 2010. Most lenders began preparing for...
By: Wendy Greenawalt In my last blog, I discussed the Risk-Based Pricing Rule and provided an overview of the risk based pricing notice compliance...
Well, in my last blog, I was half right and half wrong. I said that individual trade associations and advocacy groups would continue to...
–By Wendy Greenawalt Recently the Federal Reserve Board and Federal Trade Commission issued a new rule requiring any lender who utilizes a credit report...
By: Kari Michel The Federal Reserve’s decision to permit card issuers to use income estimation models to meet the Accountability, Responsibility, and Disclosure (CARD)...
By: Kari Michel What is Basel II? Basel II is the international convergence of Capital Measurement and Capital Standards. It is a revised framework and...
A recent New York Times (1) article outlined the latest release of credit borrowing by the Federal Reserve, indicating that American’s borrowed less for the ninth-straight month...
By: Amanda Roth During the past few months, we have been hearing from our clients that there is a renewed focus from the regulators/examiners...
Many compliance regulations such the Red Flags Rule, USA Patriot Act, and ESIGN require specific identity elements to be verified and specific high risk...
As I wrote in my previous posting, a key Red Flags Rule challenge facing many institutions is one that manages the number of referrals generated...
While the FACT Act’s Red Flags Rule seems to capture all of the headlines these days, it’s just one of a number of compliance...
There were always questions around the likelihood that the August 1, 2009 deadline would stick. Well, the FTC has pushed out the Red Flag...
In recent months, the topics of stress-testing and loss forecasting have been at the forefront of the international media and, more importantly, at the...
We at Experian have been conducting a survey of visitors to our Red Flag guidelines microsite (www.experian.com/redflags). Some initial findings show that approximately 40 percent of...
One of the handful of mandatory elements in the Red Flag guidelines, which focus on FACTA Sections 114 and 315, is the implementation of...
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