Most Popular Security Content
Credit Bureaus & Secondary Cardholder Verification
07/04/2005
When opening credit cards for joint cardholders, the primary account holder's credit bureau is pulled for underwriting purposes as well as to verify the identifying information. Identifying information is obtained from the secondary, but no credit bureau is pulled unless it is needed for underwriting purposes. What are the verification requirements on the secondary cardholder? Does the bureau need to be pulled? Can another source of public information be used? Is it even necessary to verify the second cardholder's identifying information?
Validity of Check Images
07/04/2005
Some consumers believe that the images of checks are not as good as the checks themselves. What are the rules on this for proof of payment or prosecution of forgery?
Do We the File CTR on both Minor and Parent?
07/04/2005
If a minor, under 10 brings in a cashier check over 10,000.01 to be cashed with a parent. The minor presents a Social Security Card and Birth Certificate as ID. Parent, who is a custodian presents their drivers license and other information as further ID. When filling out the CTR, is the minor the only person on the form or would the parent be conducting the transaction of the behalf of the minor?
Chip Off the Ole' Block
07/01/2005
In Calgary, a father and son team fled the scene of the robbery in a stolen Jeep Grand Cherokee, which was located later parked behind a house.
Credit Counseling Business Making Headlines
07/01/2005
Consumer advocacy groups are facing off with credit counseling agencies as a result of a Utah case in which at least $60,000 allegedly went missing from a trust fund set up to pay participating con