WASHINGTON - The Federal Trade Commission has asked the public to comment on a proposed rule under the Fair and Accurate Credit Transactions Act defining identity theft, identity theft reports, the duration of active duty alerts, and proof of identity necessary to block or make changes. The FACT Act allows...

HARRISBURG, Pa. - David Zuern, incoming chairman of the Pennsylvania Bankers Association and representatives of local banks met with U.S. Treasury Department Assistant Secretary for Financial Institutions Wayne Abernathy on April 26 at a roundtable discussion hosted by U.S. Rep. Todd Platts (R-Pa.) and tried to press the Treasury official...

GLASTONBURY, Conn. - Open Solutions Inc.'s well publicized contract lands are translating into black ink for the e-commerce and core processing technologies provider. The company, which trades on the Nasdaq as OPEN, said first quarter 2004 revenues were $21 million, a 70% jump from the $12.3 million reported in the...

WASHINGTON - To help reduce incidents of identify theft and fraud in its mortgage insurance programs, the Federal Housing Administration has begun applying system edits to validate the issuance of Social Security Numbers used by borrowers obtaining FHA-insured mortgages. The edits are applied as soon as the mortgage lender enters...