Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Cypress introduces lending compliance software
NORTH RICHLAND HILLS, Texas (7/27/09)--Cypress Software Systems introduced the Red Flag/PATRIOT Act/Office of Foreign Assets Control (OFAC) Compliance Module for its Mark IV consumer lending software. Mark IV is a Cypress loan software platform that automates the consumer loan application and decision process. The Red Flag module it would give financial institutions necessary checks and balances during the loan underwriting process to prevent and report fraud. During the loan application process, the Red Flag module checks each piece of information to provide homeland security requirements. It also:
* Verifies the identity of each applicant; * Checks applicants’ names against the latest OFAC lists; and * Combats identity theft by complying with the Red Flag Rules outlined in the Fair and Accurate Credit Transactions Act.
Cypress provides financial institutions, including credit unions, with loan application decision and tracking tools.


RSS





print
News Now LiveWire
Matz: Revised @TheNCUA #RBC rule for #creditunions 2 B unveiled 1/15/15, 90-day comment period to follow #newsnow http://t.co/qABhvghSTU
16 hours ago
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
17 hours ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
19 hours ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
19 hours ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
20 hours ago