Compliance

Compliance

Dodd-Frank Act
The Dodd-Frank Wall Street Reform and Consumer Protection Act states that all persons or providers covered under the act are expected to not engage in unfair, deceptive, or abusive acts or practices (UDAAP).
ECOA
Discrimination against those applying for credit based on age, gender, color, race, religion, marital status, or country of origin is illegal according to the Equal Credit Opportunity Act (ECOA). This is provided that the applicant has the capacity to contract.
FCRA
The Fair Credit Reporting Act (FCRA) addresses fairness, privacy, and accuracy of the personal information collected in the files of credit reporting agencies.
FDCPA
The Fair Debt Collection Practices Act (FDCPA) protects consumers by prohibiting debt collectors from using unfair, abusive, or deceptive practices to collect payment.
GLBA
The Gramm-Leach-Bliley Act (GLBA) protects customers by ensuring that financial institutions explain their information-sharing practices and protect consumers' sensitive data.
HIPAA
The Health Insurance Portability and Accountability Act of 1996 (HIPAA) requires financial institutions to safeguard medical information while providing data privacy and security guidelines under US law.
PCI DSS
The Payment Card Industry Data Security Standard (PCI DSS) safeguards consumers from the chance of credit card fraud by ensuring that institutions that process, store, or transmit credit card information maintain a secure environment.
SCRA
The Service members Civil Relief Act (SCRA) upholds the constitutional rights of consumers by providing temporary suspension of proceedings and transactions that may negatively affect service members while they are on duty. This allows service members to focus on defending the United States.
SSAE16
The Statement on Standards for Attestation Engagements no. 16 (SSAE 16) establishes an auditing standard for control reporting at service organizations.
TCPA
The Telephone Consumer Protection Act (TCPA) restricts the use of automated telephone equipment for telephonic solicitation.
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