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Trey Sullivan |
Identity theft is a real concern for financial institutions and their customers. In 2005 alone, over 8 million American adults were victims of identity theft — and the numbers are growing. In this issue’s feature story, we outline tough new FACT Act regulations aimed at guarding against this growing threat.
Also in this issue, a reader faces a dilemma concerning the growing sub-prime loan crisis. Even though his institution’s mortgage loan portfolio is in good shape, he’s worried about the possibility of a “ripple effect,” and additional scrutiny from examiners. What’s the best way to handle customer questions? How are you addressing the compliance issues?
Last month, a reader asked about the risk of fraud in remote deposit capture, an explosive technology that promises to level the playing field for institutions that want to expand their commercial deposit base. See how readers address this risk and other compliance issues.
To keep this newsletter and our online community current, we encourage you to become involved. Send ideas for articles you want to see. Let us know how relevant our topics are to you — and your career. Take our brief reader survey, and you could win an Apple iPod nano — just in time for holiday travel.
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