Compliance Coach launches CompliancePalMortgagePress.comWeb-based software, compliance, Fair and Accurate Credit Transactions Act: Identity Theft Red Flags
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