Setting the record straight on identification required to open accounts; your question answered about identifying non-U.S. persons under CIP; plus this week’s legal briefs.
See how human intervention impacted a recent court ruling on a TCPA complaint; your question answered on opening an account for someone without a Social Security number; plus this week’s legal briefs.
Oregon’s Department of Motor Vehicles will begin issuing driver’s licenses and ID cards Oct. 21 that use alphanumeric sequences instead of just numbers. The change may require modification to some technology systems.
The Oregon DMV will begin issuing driver licenses and ID cards with an alphanumeric number within the next few years. Credit unions should make sure their systems are prepared to handle this subtle change.
Would we use the executor’s Social Security Number on an estate account as opposed to the deceased member’s? Would this decision be due to IRS Ruling 84-73?
The economic cost of identity theft to members and credit unions is staggering, and the problem is only growing. What can you do to protect your identity?
Recent estimates show that as many as nine million people have their identities stolen in the United States every year. Chances are you may already know someone who is a victim of this crime.