The CFPB Checking Account Forum discussed this rise in checking account rejections and the potential of increasing access to all applicants.
Prior to the burst of social media sharing, little known facts about our lives were widely used for authentication before we were permitted access to sensitive information. For example, if someone called a retail bank to check a balance or question a DDA fee, she would provide identifying information for herself and her account, and [Read More…]
E-Verify has been active recently with several new announcements over the past few weeks. While they may not have a significant immediate impact, the release of myE-Verify along with new Record Disposal rules present a perfect opportunity to review your overall procedures related to E-Verify. Highlights of the recent announcements include the following: myE-Verify: A [Read More…]