Bio:
Mary Beth Guard is one of the four co-founders of BankersOnline and is now Editor Emeritus, after more than 16 years of serving as Executive Editor. She was instrumental in the creation and expansion of BankersOnline, as well as the launch more than a decade ago of BOL Conferences, Inc. and its continued operation and growth. Mary Beth is also the director of BankCompliance.com, the subscription-based compliance service now being offered online. Also, Mary Beth serves as CEO of Glia Group, Inc., which produces BOL Learning Connect. For nearly four decades, Mary Beth has utilized her background as an attorney to focus on banking industry issues, first as general counsel for the Oklahoma State Banking Department, then as general counsel for the Oklahoma Bankers Association, prior to her work with BankersOnline.
Mary Beth has presented training programs for virtually every major national financial industry association, as well as more than a dozen state bankers associations and a host of other organizations. She is a frequent presenter of webinars and seminars. In addition, Mary Beth has written more than a thousand banking-related articles and is BOL Guru #1.
Areas of Expertise:
Compliance Seminars
Lending & Operations Compliance Matrices
Questions Answered
07/24/2006
Just completed listening to a CD that we purchased from you titled Multi-Factor Authentication. Unfortunately, I don't get a chance to ask questions, so I'm sending this one off to you in hopes that either Mary Beth Guard or someone familiar with the topic can answer. It was never mentioned whether adding another ID/password challenge is an acceptable form of additional authentication and where appropriate would satisfy the FFIEC directive for end of this year?
06/26/2006
What is the proper way a customer that is POA (a known customer that we have supporting documents of POA) of another endorse a U.S. Treasury Check, or would the payee have to reflect that there is a POA?
06/19/2006
After an account has gone dormant, can it be put into active status with the customer's verbal request without having them do a transaction to the account?
06/05/2006
Do we have to use both the "Equal Housing Opportunity" and the "Equal Credit Opportunity" logos on our lending advertisements or is just one of them sufficient? We're a state-chartered nonmember bank.
05/22/2006
We are a savings mutual association, a member of SAIF and insured by the FDIC. What are we required to have in advertisements for deposit products concerning FDIC insurance? What do banks have to have?
05/15/2006
Have the red flag guidelines under the FACT Act gone into effect yet, or is the law still a request?
05/15/2006
Is there any specific regulation that requires notification to deposit account holders who had funds embezzled from their accounts by a banking employee? This was not done through any type of electronic information security breach such as pharming, phishing, or hacking. The FBI has been working on the embezzlement case and a SAR was filed.
05/08/2006
I received an email from another compliance source stating the Servicing Transfer Disclosure that lenders provide, at the time of application, to applicants for a RESPA covered first mortgage is no longer necessary. It also stated there is an alternative disclosure that is easier. Could you give me some insight on this? I haven't been able to find this information anywhere else.
04/24/2006
Would there be a violation of privacy rights for the husband in the following circumstance? The husband has numerous loans with a bank that are in his name only (the wife did not sign the notes) but, he has a joint checking account with his wife. The bank sends out periodic statements on the checking account which also lists all the outstanding loans and balances to both the husband and the wife. Should the bank discontinue the combined statement format to prevent the wife from knowing the loan numbers and balances of outstanding credit obligations of her husband?
12/05/2005
If a consumer credit report is pulled on an owner of a business for credit card processing purposes, if turned down due to information on the credit report, is an adverse letter required?
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