MISMO completes milestone one of Version 3.0 – NMP Skip to main content

MISMO completes milestone one of Version 3.0

National Mortgage Professional
Apr 16, 2008

Compliance Coach launches CompliancePalMortgagePress.comWeb-based software, compliance, Fair and Accurate Credit Transactions Act: Identity Theft Red Flags Compliance Coach Inc. has launched CompliancePal, Web-based software that enables easy and complete compliance with the new Fair and Accurate Credit Transactions Act: Identity Theft Red Flags rule. The regulation was issued to combat identity theft, a growing concern to consumers. The Federal regulation imposes new responsibilities on businesses to prevent consumer identity theft, and will affect banks, credit unions, mortgage lenders, and any consumer or small business lender in the country. CompliancePal walks the user through a series of questions and producesthe required risk assessment, the mapping of red flags to appropriate detection and response procedures, the written program, the training materials, and the compliance status report, everything necessary to pass an audit. CompliancePal is also updated regularly for new identity theft schemes and red flags. Compliance Coach Inc. is a provider of automated regulatory compliance solutions to the financial services industry based in San Diego, Calif. For more information, call (866) 355-5150 or visit www.compliancecoach.com.
Published
Apr 16, 2008
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