The next time a consumer asks about his or her credit score, consider it an opportunity. Recent changes to the Risk-Based Pricing (RBP) rule...
By: Staci Baker There has been a lot of talk in the news about the Dodd-Frank Act lately. According to the Dodd-Frank Resource Center of...
The U.S. Senate passed legislation recently that would exempt certain businesses from complying with the Red Flags Rule. Sponsored by Senator John Thune (R-SD),...
In my last entry I mentioned how we’re working with more and more clients that are ramping up their fraud and compliance processes to...
By: Staci Baker On September 12, 2010, the new Basel III rules were passed in Basel, Switzerland. These new rules aim to increase the liquidity...
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...
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: 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...
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...