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
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
1 Day ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
1 Day ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
1 Day ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
1 Day ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
1 Day ago