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Topic: Financial Institution

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	FRB: Electronic Check Conversion
		Your financial institution will not return any checks that are converted, even if you normally receive your original checks or images of those checks with your statement.
		You have the right to ask your financial institution to investigate any electronic fund transfers from your account that you believe are unauthorized or incorrect.
		Your check won't be returned to you with your account statement from your financial institution because the transaction was processed as an electronic fund transfer, not as a check transaction.
	www.federalreserve.gov /pubs/checkconv (1501 words)

	Bureau of the Public Debt : Definition of Financial Institution (Site not responding. Last check: )
		Subsection C refers to insured institutions as that term is defined in section 401 of the National Housing Act (12 U.S.C. 1724 et seq.).
		This negation of a portion of the definition of financial institution would alter the regulatory treatment of all savings associations that were formerly insured by FSLIC and that engaged in government securities activities.
		Accordingly, this interpretation of the GSA regulations is being issued to state that certain savings associations that engage in government securities activities should be considered financial institutions for the purposes of subchapter A of the regulations.
	www.publicdebt.treas.gov /gsr/gsr032i.htm (513 words)

	Financial Institution Fraud - Criminal Investigation (CI)
		Direct contact is made with the financial institution, enhancing the constructive and cooperative relationship CI has established with the banking industry.
		Financial Institution Fraud enforcement statistics on investigations initiated, prosecutions recommended, indictments, convictions and months to serve in prison.
		Examples of financial institution fraud investigations are excerpts from public record documents on file in the court records in the judicial district in which the cases were prosecuted.
	www.irs.gov /compliance/enforcement/article/0,,id=117522,00.html (439 words)

	Ex-Im Bank :: Products :: Insurance :: Financial Institution Buyer Credit Policy
		Financial institutions can reduce their risks on a short term direct buyer credit loan or reimbursement loan made to a foreign buyer for the financing of U.S. exports through an Ex-Im Bank Financial Institution Buyer Credit Insurance Policy (known as a FIBC or Bank Buyer Credit Policy).
		Information about the financial institution and the buyer, including a credit agency report and financial statement on each entity, must be submitted to support the request.
		Once the financial institution begins fundings under the policy, premium reports are submitted and additional premium is paid to Ex-Im Bank at the rate(s) specified in the policy.
	www.exim.gov /products/insurance/buyercredit.cfm (1556 words)

	Financial Institution
		These pages are primarily intended for financial institution representatives that already have, or may be interested in establishing, an ETA program.
		Financial Agency Agreement with the Department of the Treasury (Treasury).
		Automated enrollment is a convenient method for financial institutions to use the Automated Clearing House (ACH) network to transmit Direct Deposit enrollment information directly to Federal agencies for benefit payments, without the customer or institution having to complete a telephone or paper enrollment form..
	www.eta-find.gov /ETADFIPage1.cfm (663 words)

	Authorize.Net - Glossary
		The number is used to identify the financial institution or bank associated with a customer’s bank account.
		The bank or financial institution that holds the merchant’s bank account that is used for collecting the proceeds for credit card processing.
		A financial institution or bank account that is used by a merchant specifically for the purpose of collecting proceeds consumer bank account or credit card payment transactions.
	www.authorize.net /resources/glossary (5389 words)

	Financial Institution Notification Form
		The universe of financial institutions that may share information under section 103.110 generally includes all financial institutions that are required under 31 CFR Part 103 to establish and maintain an anti-money laundering program, unless FinCEN specifically determines that a particular category of financial institution should not be eligible to share information.
		(ii) The association specified above is an "association of financial institutions" as such term is defined in 31 CFR 103.110(a)(3).
		(4) Information received by the above named financial institution or association pursuant to section 314(b) and 31 CFR 103.110 will not be used for any purpose other than identifying and reporting on activities that may involve terrorist or money laundering activities.
	www.fincen.gov /fi_infoappb.html (299 words)

	Financial Institution Fraud and Failure Report - Fiscal Years 2000 and 2001
		Financial Institution Fraud (FIF) is a Tier One strategic priority within the Federal Bureau of Investigation's (FBI) Strategic Plan.
		A major case is defined as an investigation pertaining to a failed financial institution, or where the loss or loss exposure to the financial institution exceeds $100,000.
		As financial institutions become less regulated and provide more financial services to the public through the sale of insurance, securities, investment products, and on-line banking, the nature of FIF will change in terms of the potential impact to the nation’s financial institutions.
	www.fbi.gov /publications/financial/2000-01fif/2000-01fif1.htm (1057 words)

	Financial Privacy
		A financial institution may not use or obtain a consumer report for any purpose unless the report is obtained for a permissible purpose under the FCRA and the purpose is certified by the user to the consumer reporting agency through a general or specific certification.
		As a result, a financial institution that wishes to share customer information with its affiliates, that is not limited to transaction and experience information and that otherwise meets the definition of “consumer report,” without the burden of complying with these requirements on consumer reporting agencies, must adhere to the FCRA opt-out conditions.
		For example, the financial institution must disclose the circumstances under which, in the ordinary course of business, the financial institution may provide information concerning the consumer’s account to third parties, whether or not the third party is affiliated with the bank.
	www2.state.id.us /ag/consumer/privacy/financialprivacy.htm (3869 words)

	California Department of Corporations - CALIFORNIA FINANCIAL INFORMATION PRIVACY ACT - CFIPA Information
		An institution that is not significantly engaged in financial activities is not a financial institution.
		A financial institution shall not disclose to, or share a consumer's nonpublic personal information with, any nonaffiliated third party […] unless the financial institution has obtained a consent acknowledgment from the consumer that complies with [this section] that authorizes the financial institution to disclose or share the nonpublic personal information.
		If a financial institution does not disclose or share nonpublic personal information as described in a header of the form, the financial institution may omit the applicable header or headers, and the accompanying information and box, in the form it provides pursuant to this subdivision.
	www.corp.ca.gov /fp/cfipa.htm (2122 words)

	Harland Financial Solutions
		GLB also requires a financial institution, at the time of establishing a customer relationship with the consumer and annually during the continuation of the customer relationship, to provide a clear and conspicuous disclosure of the financial institution’s privacy policies and practices.
		To illustrate: Under the final rule, a financial institution has a reasonable basis to believe that mortgage information is lawfully made available to the general public if it has determined that the information is of the type included in the public record in the jurisdiction where the mortgage is recorded.
		A financial institution has a reasonable basis to believe an individual’s telephone number is lawfully made available to the general public if it has located the telephone number in the telephone book or the consumer has stated that the number is not unlisted.
	www.harlandfinancialsolutions.com /ProductsAndServices/Newsletters/NewsLetterDetail.asp?NewsID=27&NewsletterID=110 (1594 words)

	Alabama Department of Revenue - Financial Institution Excise Tax FAQ
		All financial institutions shall be allowed to carry back their net operating losses to apply as a deduction against prior income, and to deduct from succeeding years' income the excess loss.
		A successor financial institution shall be allowed to carry over and deduct from succeeding years' income, the net operating loss of its predecessor.
		Every financial institution which has income from business activity that is taxable both within and without this state shall allocate and apportion its income to this state.
	www.ador.state.al.us /incometax/ExciseTaxFAQ.html (878 words)

	ODJFS Online \| Office Of Child Support (Site not responding. Last check: )
		If a multistate financial institution elects not to participate in the multistate matching at the federal level, that institution will receive separate requests for data matching from each state in which it conducts business.
		A financial institution and its officers, directors, and employees are exempt from criminal or civil liability for disclosing or releasing information concerning an account holder to a child support enforcement agency, or for any other action taken in good faith to comply with the requirements of data matching with the child support enforcement agency.
		It is possible for a financial institution to participate in both the income withholding and the FIDM processes.
	jfs.ohio.gov /Ocs/fidm.stm (1203 words)

	Right to Financial Privacy Act - AML/PATRIOT Act Research
		No financial institution, or officer, employees, or agent of a financial institution, may provide to any Government authority access to or copies of, or the information contained in, the financial records of any customer except in accordance with the provisions of this chapter.
		A financial institution shall not release the financial records of a customer until the Government authority seeking such records certifies in writing to the financial institution that it has complied with the applicable provisions of this chapter.
		Financial records originally obtained pursuant to this chapter shall not be transferred to another agency or department unless the transferring agency or department certifies in writing that there is reason to believe that the records are relevant to a legitimate law enforcement inquiry within the jurisdiction of the receiving agency or department.
	www.complianceheadquarters.com /AML/AML_Research/right_to_financial_privacy_act.html (5870 words)

	Credit Insurance Policy Issued to Financial Institution
		Yes, a credit insurance policy may be issued to a financial institution, which is the assignee of the trade receivables of a merchant.
		However in many instances the merchant assigns ownership interests in the trade receivables to a financial institution (the "Assignee") and, in such instances, the Company may be asked to issue the credit insurance policy directly to the Assignee rather than the merchant.
		The financial institution has, by the assignment, also acceded to the same credit risk as the merchant had prior to the assignment which is based upon the sale of goods or services by the merchant, with all of the rights of the merchant.
	www.ins.state.ny.us /ogco2000/rg006161.htm (948 words)

	Gramm-Leach-Bliley Act Financial Privacy Provisions
		Section 4(k) authorizes financial holding company affiliates to engage in activities that are complementary to financial activities, the definition of financial institution does not extend to an entity engaged in such activities.
		For example, an institution will have a reasonable basis to believe that mortgage information is lawfully made available to the general public if it has determined that the information is of a type included on the public record in the jurisdiction where the mortgage would be recorded.
		Furthermore, an institution will have a reasonable basis to believe that an individual's telephone number is lawfully made available to the general public if the bank has located the number in the telephone book or if the consumer has informed the institution that the telephone number is not unlisted.
	www.ffhsj.com /bancmail/bmarts/ecdp_art.htm (8452 words)

	How Does Your Financial Institution Grow?
		Winning financial institutions—regardless of their size, type or geographic placement—must figure out how to attract new customers, along with the lion’s share of their wallets, and then keep their business.
		Institutions with the largest number of customers who designate them as a primary financial institution do not necessarily capture the lion’s share of their customers’ wallet, nor do they produce higher levels of customer momentum.
		On average, customers have relationships with four or more financial institutions and are reluctant to add new products and services even with their primary financial institution.
	www.atkearney.com /main.taf?p=5,1,1,115,10 (458 words)

	Financial Selling Systems, Inc. (Site not responding. Last check: )
		Financial Selling Systems, Inc., is a management consulting firm specializing in improving sales and customer service quality for financial institutions.
		Our mission is simple: "To help our clients leverage growth and profits by becoming the financial institution of first choice through providing the extraordinary customer experience to each customer and prospect each time." Our objective is to assist your financial organization in making each contact between an employee and customer/prospect as effective as possible.
		Only if the customer is happy with your institution will he or she be interested in purchasing more products or services from you.
	www.financialsellingsystems.com /index.cfm?cat=1&root=1 (560 words)

	Financial Institution
		The Financial Institutions department “regulates the business of banking; and for the licensing, regulation and supervision of financial institutions carrying on banking businesses in Solomon Islands.” This power to supervise and license financial institutions carrying on banking business in Solomon Islands, is provided in the Financial Institutions Act 1998 (No.3 of 1998).
		In the prudential supervision of the licensed financial institutions, the department issues prudential policies and guidelines based on best banking practices that is used to support and enhance the licensed financial institution’s own internal control and risk management system.
		The department can also check the prudential standing of the licensed financial institutions by going onsite and make an examination of all the records of the institutions to form an opinion on whether they are prudential managed.
	www.cbsi.com.sb /About_CBSI/fid/financial_institution.htm (302 words)

	Protecting Financial Privacy
		In addition, the term "financial institution" includes companies you might not consider to be financial institutions such as payday loan companies, collection agencies, and travel agents.
		Financial institutions are not required to send you an opt-out notice if your account is closed.
		This means that a financial institution can sell your personal data to a telemarketer, for example, but it cannot sell the means by which your account can be accessed.
	www.privacyrights.org /fs/fs24-finpriv.htm (6441 words)

	Compliance with Privacy of Consumer Financial Information
		Institutions regulated by the Department’s Licensed Financial Services and Mortgage Banking Divisions are urged to review the specific rule as set out in 16 CFR Part 313.
		Financial institutions should note that 313.7(b) allows them to provide the opt-out notice together with or on the same written or electronic form as the initial notice provided in accordance with section 313.4.
		Institutions are urged to conduct their own research on Part 313 and not merely rely upon the Department’s summary.
	www.banking.state.ny.us /il011030.htm (804 words)

	Financial Institutions Management \| Solutions \| Chase Paymentech Solutions (Site not responding. Last check: )
		Depending on a financial institution's staffing availability, desired risk liability, merchant processing volume, and relationship preference, we are able to customize a merchant bankcard solution to meet the needs of the institution.
		The financial institution would be responsible for managing its portfolio of merchant customers; merchant sales; setting and controlling all merchant pricing; and handling general inquiries from its merchants.
		This option allows the financial institution to maintain underwriting control, hold liability for its merchants and receive all management and merchant activity reporting necessary to monitor and control the merchant portfolio.
	www.paymentech.com /solfininsman.do (746 words)

	Financial Institution Selection Procedures
		For any item for which there was no response or an inadequate response, the submitting financial institution shall be contacted for additional information or to confirm that the submitter desires to let the initial response stand without amendment.
		Although financial institutions cannot be held to any stated interest rates they may provide in their proposals, the command may consider any history of customer services the financial institution has demonstrated in its proposal.
		Financial institutions operating an office on a Navy and Marine Corps installation are required to comply with the Secretary of the Navy Instruction 5381.5A, and subsequent modifications thereto.
	hqinet001.hqmc.usmc.mil /p&r/fiscal/rfr/asnbank.htm (1539 words)

	Clifton Gunderson LLP - Industries - Financial Institutions (Site not responding. Last check: )
		If your institution is looking at a potential merger or acquisition as a way of enhancing your financial position and customer base, call on Clifton Gunderson for wise counsel and assistance in all of the details.
		If your institution provides trust services, you need to know that your trust accounts and common trust funds are being administered properly and are performing at a level that enables you to maintain and expand your customer base.
		Our financial institution clients appreciate the fact that we are large enough to offer the depth and breadth of services you would expect of the largest firms, yet with the type of close, personal attention of a smaller, hometown firm.
	www.cliftoncpa.com /Industries/FinInd3.asp (823 words)

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