Compliance

Reg P ("Privacy Notice") - As Reg P states, each time an account is opened, you are obligated to send a notice explaining how/if your customer’s information will be shared with other companies or any of your institution’s bank’s subsidiaries. (This notice is also sent out yearly.)

Pitney Bowes can help you to identify and send out these notices, as well as to create "proof of mailings" for these notices. Let us show you how.

Reg Z ("Truth in Lending") - Each time a mortgage applications is submitted, a "truth in lending" notice, along with a "good faith estimate," must be mailed or given to the customer within 3 business days.

Pitney Bowes can help you to to send out these notices on a timely basis, as well as to create "proof of mailings." Let us show you how.

Gramm-Leach-Bliley (Privacy of customer information) - Financial institutions must provide each consumer with a privacy notice at the time the consumer relationship is established and annually thereafter.

• The privacy notice must explain the information collected about the consumer, where that information is shared, how that information is used, and how that information is protected.
• The notice must also identify the consumer's right to opt-out of the information being shared with unaffiliated parties per the Fair Credit Reporting Act.
• Should the privacy policy change at any point in time, the consumer must be notified again for acceptance.

Pitney Bowes can help you to identify and send out these privacy and opt-out notices, as well as to create "proof of mailings" for these notices. Let us show you how.