Bank Obligations to ID Theft Victims

With Mary Beth Guard Andy Zavoina and John Burnett

Bank Obligations to ID Theft Victims

With Mary Beth Guard Andy Zavoina and John Burnett
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  • 2.0 hrs
Course description

ICB Credit: 2.5 CRCM


If you, a friend, or family member, have experienced identity theft, you know what a nightmare it can be to sort it all out and repair the damage.   For some victims, it takes years to untangle the mess.

Prior to the passage of the Fair and Accurate Credit Transactions Act, ID theft victims had few legal rights. The FACT Act changed that, providing a package of important protections both for those who had become victims of identity fraud and those who had reason to believe they might be targets. The protections granted by the law place corresponding legal obligations on financial institutions. Deviate from those obligations and liability could result. 

It’s simple: You’re either helping the victim by doing what is legally required, or you’re aiding the ID thief by failing to carry out your legal obligations. 

The goal of this webinar is to provide a comprehensive analysis of what you are required to do, when and how, so you can ensure you have all the bases covered, the necessary policies and procedures in place, and your employees are up to speed. 

In this program, we will cover:
  • What to do when there is a credit freeze or credit lock
  • Different types of fraud alerts and how you deal with them
  • Your duties as a furnisher of information to a credit bureau when there is an ID theft situation
  • Avoiding repollution of credit history
  • How to update your Red Flags program for detecting, preventing, mitigating against ID theft
  • What employees need to know now about red flags for identity theft
  • Tightening up your customer verification procedures
  • Responding to requests from victims for business transaction records
  • Requirements for secure disposal of consumer information
  • The one call system
  • Sending customers to the right place for free credit reports
  • Credit card number truncation – are your commercial customers compliant?
  • Reporting requirements on identity theft


Webinar Reviews:

 I love the detailed information provided. - jwelch 

Excellent, I found this very insightful and helpful in updating our Red Flags program. - kbell2018 

Good information, easy to understand - ruthannlaws


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Bank Obligations to ID Theft Victims
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Instructor

Mary Beth Guard Andy Zavoina and John Burnett
Mary Beth Guard Andy Zavoina and John Burnett

Mary Beth Guard currently serves as Executive Editor of BankersOnline.com, CEO of Glia Group, Inc. and Executive Editor of BankingQuestions.com. Since graduating from law school in 1980, Mary Beth has focused her work almost exclusively on the banking industry. Previously, Mary Beth served as EVP/General Counsel and COO for the Oklahoma Bankers Association, EVP of Specialized Services for Thomson Financial Publishing, and General Counsel for the Oklahoma State Banking Department. Mary Beth is on the advisory board for Bankers' Hotline. She has presented training programs for virtually every major national financial industry association, as well as more than a dozen state bankers associations and a host of other organizations. In addition, Mary Beth has written more than a thousand banking-related articles and is a BOL Guru.


Mr. Andy Zavoina, CRCM, is an Executive Vice President with the Glia Group, Inc., best known for its involvement with BankersOnline.com. He joined Glia and BOL in 2003.

Mr. Zavoina has been in finance and banking for 35 years. Over 20 years were with a two-bank holding company that had $534 million in assets, 89 branches spanning Texas and nearly 500 ATMs. He has done loan workouts, has been a consumer, commercial and real estate lender and managed those departments, as well as being his banks first Webmaster. He was responsible for compliance -management, -auditing, and -training for both banks.

Mr. Zavoina is a recipient of the American Bankers Association’s Distinguished Service Award for his involvement and accomplishments in the field of regulatory compliance management. He is a past Chairman of the ABA’s Compliance Executive Committee, the Editorial Advisory Board for the ABA Compliance Magazine and served as a member of the ABA’s Compliance School Board. He is a BankersOnline Guru. He also served on the Texas Bankers Association's Compliance Committee.

He is a graduate of the ABA National Commercial Lending School, National Compliance and National Graduate Compliance School and is a Certified Regulatory Compliance Manager with the Institute of Certified Bankers. He has written articles and lectured on compliance, the use of the internet and technology as a tool, as well as compliance in cyberspace to local, state and national associations across the U.S. and teaches basic compliance and compliance management.


John Burnett is a 1979 alumnus of the ABA National Compliance School, and served on its faculty for several years. He graduated with honors with the Class of 1990 from ABA's Stonier Graduate School of Banking, and is also a graduate of the BAIs and the Massachusetts Banker Associations Schools of Banking.

John began his banking career in high school when he started as a teller at a $15 million bank that didn't have account numbers for its checking accounts (he says they actually filed by signature!) He joined Cape Cod Bank and Trust Company in 1971 and assumed the position of Compliance Officer in 1976. He also served as corporate secretary and secretary of CCBT's Board of Directors, as well as Clerk of the bank's holding company.

John joined Glia Group, Inc. and the BankersOnline.com team in June, 2004. He is a frequent presenter of BOL Learning Connect webinars, and at BOL Conferences events.

He was a member of the Massachusetts Bankers Association Legal and Regulatory Compliance Committee, and a former member of the American Bankers Association Compliance Executive Committee and NCS/NGCS Advisory Board. He served on ABA's Truth in Savings Task Force as Regulation DD was being written, and has served on several ABA and Massachusetts Bankers seminar panels.