12/01/2004
The FACT Act requires any user of a credit report to take steps to protect consumers from mis-use of their information by providing for information security and safe disposal of information.
11/01/2004
Although no state has yet succeeded in creating a driver's license beyond the traditional plastic tool, efforts are underway on several levels to move into "smart licenses" - licenses that contain
11/01/2004
The FACT Act is introducing a lot of new notices. These notice requirements are well meant in that they are designed to provide customers with useful information.
10/04/2004
What are the privacy issues related to having a contract person providing loan analysis as opposed to a full-time employee? This person would be required to see financial statements, credit reports, and other personal information about existing customers.
10/01/2004
- Over 22 million prepaid debit cards (stored value cards) will be issued in 2004.
10/01/2004
One of the FACT Act's new requirements is that creditors dispose of information obtained in a credit report in a timely fashion.
06/21/2004
What law or regulation addresses a bank employee giving out information on banking information to an outside party that has no tie to the account?
02/16/2004
Recently, I called another bank to see if a check that my customer had would clear on the account drawn at their bank. They told me that due to privacy laws they could not give me that information. All I needed was to give them the amount of the check and for them to say yes or no on whether or not it would clear. Does the new privacy law really prevent from a bank from being able to call to see if a check will clear?
01/19/2004
Do you have a recommendation for the type of language that should be used by a bank on their contracts with janitoral service contracts regarding privacy issues?
12/15/2003
Is annual training on Privacy/Reg P required?