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NeighborBench Makes Free Website Compliance Self-Assessment Template Available to Financial Institutions
FREDERICK, MD (August 9, 2013) — While a financial institution’s website can be one of its greatest allies from a marketing standpoint, that ally can quickly turn into a nemesis in a compliance examination, as regulations conceived long before the emergence of the internet are sometimes stretched to fit today’s internet.
To help financial institutions periodically check their websites for compliance, NeighborBench has made available its “Website Compliance Self-Assessment Template,” an 11-page fillable document covering numerous facets of compliance.
“Many regulations that cover website compliance were written in a time when most consumer-facing materials were sent off to a printing company, and that expense meant that the items were typically subjected to multiple reviews before a consumer ever saw them,” said Coppelia Padgett, senior analyst at NeighborBench, a provider of technology-leveraged compliance tools and services. “While one of the internet’s greatest strengths is the speed and ease with which information can be delivered to the consumer, that can also be one of its biggest vulnerabilities as changes to a website may not have the kind of review public-facing items once had.”
As such, it can be helpful to regularly review every single page of a website to make sure that nothing that could be a problem in a compliance examination might slip through. To facilitate that process, NeighborBench has developed this template, available free to all financial institutions.
The template covers such areas as Privacy Act, USA PATRIOT Act, third-party link disclaimer requirements, Electronic Funds Transfer Act, Truth in Savings Act, HMDA, Equal Credit, Truth in Lending Act, and more.
NeighborBench’s ” Website Compliance Self-Assessment Template ” is available at no charge by contacting NeighborBench’s Mike Lane at mike.lane@neighborbench.com or 1-888-972-3624, ext. 7015.
NeighborBench’s unique compliance solution combines the latest in automated tools with experienced professionals to help reduce the primary challenges of compliance: cost, time, resource requirements, and the disruptive nature of traditional consulting firm solutions. Learn more at www.neighborbench.com.