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What law requires all types of financial institutions to protect customers private financial information?
Wiki User
∙ 10y ago
The types of laws that require the protection of the private finances of customers are many in number. In summary all these types of laws should fall under the name of Confidential personal records laws. These laws are also called consumer protection laws.
Wiki User
∙ 10y ago
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Which businesses offer the best secured loans?
A secured loan is usually when an amount of money is loaned to a person and it requires some type of collateral. A mortgage company, as well as major banks and financial institutions offer secured loans.
Explain why judging the efficiency of any financial decision requires the existence of a goal?
Explain why judging the efficiency of any financial decision requires the existence of a goal
What is meant by the home mortgage disclosure act?
The "Home Mortgage Disclosure Act" was established in 1975. The meaning of this act is that it requires financial institutions to maintain and disclose data on a variety of aspects for dwellings. This helps to generate statistics on government investments, housing needs and lending practices.
What documents are needed to apply for a cash advance payday loan?
A cash advance payday loan typically requires financial as well as proof of citizenship documentation. Bank information as well as identification and a social security card is standard.
Where can one apply for a payday loan that requires no faxing of information?
One can apply for a payday loan that requires no faxing of information by going in person to a payday loan store. By going in person you can show them the needed information without having to fax it.
What law that requires insurers to disclose information gathering practices and where the information was obtained?
The Gramm-Leach-Bliley Act (GLBA) requires financial institutions, including insurance companies, to disclose their information gathering practices and inform customers about where their information was obtained. This law aims to protect consumers' privacy and ensure transparency in how their personal data is used and shared by financial institutions.
What rules requires transmitting financial institutions to pass along information regarding the transmittal to the next financial institution?
Travel Rule
What is HMDA?
The Home Mortgage Disclosure Act (HMDA), enacted by Congress in 1975 and implemented by the Federal Reserve Board's Regulation C, requires lending institutions to report public loan information. In 2012, there were 18.7 million HMDA records from 7,400 financial institutions.
Which accounting principle requires keeping personal information separate from the financial information of business?
Entity Concept
The accounting principle that requires financial statements to report all relevant information about the operations and financial condition of a company is called?
Full Disclosure Principle
Why does a MBA course requires the need of financial mnagement?
In order for institutions to be successful, they must be organized. The areas of appropriate management and organization must include and be particular to the following areas. * Material resources * Human resources * Financial resources * Information resources Without the above, there can be little chance of stability and survivability for the organization whether it be for-profit, or non-profit.
Why do you think the SEC requires that balance sheets provide two years of comparative financial information and income statements provide three years of comparative financial information?
Income statements contain more data that can be extrapolate and inferred from by investors than the balance sheet does. For more accurate extrapolations, the SEC requires 1 more year of information for the income statement.
What information about christian debt solutions can one summarize?
In a short summary, the business Christian Debt Solutions is a religious financial partner of the Baptist Church. The organization provides short term loans to its customers who are either unemployed, with a risky budget, or requires help to pay off debt.
What is the process called when a school requires you to turn in documentation fo the information reported on the FAFSA application?
The process is called verification. It is when a school requires you to submit additional documentation - such as tax returns or other financial information - to verify the accuracy of the information provided on your FAFSA application.
I have a check made out to cash of 100000 can I deposit it into a savings and will there be any tax due?
(in the us) I believe that there is a federal banking regulation that requires financial institutions to report transactions of ten thousand dollars and greater.
How do you understand customers need?
A thorough understanding of your customers' needs requires analysis. Here are four steps you can follow to understand your customers' needs and turn this information into actionable results: Create a buyer's persona Seek feedback from your customers Analyze your competitors Craft a customer needs statement
Which businesses offer the best secured loans?
A secured loan is usually when an amount of money is loaned to a person and it requires some type of collateral. A mortgage company, as well as major banks and financial institutions offer secured loans.
