Regulatory Compliance describes sets of standards or laws. Many organizations, states and local government set goals and policies to ensure that the public becomes updated and knowledgeable on new regulations and polices.
According to IGI Global, “due to the increasing number of regulations and need for operational transparency, organizations are increasingly adopting the use of consolidated and harmonized sets of compliance controls. This approach is used to ensure that all necessary governance requirements can be met without the unnecessary duplication of effort and activity from resources.
The Fair Credit Reporting Act (FCRA) 15 U.S.C. §1681, was signed into law by President Richard Nixon on October 26, 1970, is a federal law that regulates how all Consumer Reporting Agencies (CRA), Collection Agencies, Banks, and other Financial Institutions to insure the proper use of consumer information.
Below is a list of some of the key laws and regulations that K-LAK can help our customers with compliance and implementation:
 Silveira, P., Rodriguez, C., Birukou, A., Casati, F., Daniel, F., D’Andrea, V., Worledge & C., Zouhair, T. (2012), Aiding Compliance Governance in Service-Based Business Processes, IGI Global, pp.524-548.
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FAIR CREDIT REPORTING ACT (FCRA)
EQUAL EMPLOYMENT OPPORTUNITY COMMISSION (EEOC)
GRAMM-LEACH-BLILEY PRIVACY ACT NOTICE
FAIR DEBT COLLECTION PRACTICES ACT (FDCPA)
RED FLAGS RULE
MODEL RISK MANAGEMENT
BASEL I AND BASEL II
FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL (FFIEC)
COMPREHENSIVE CAPITAL ANALYSIS & REVIEW (CCAR) & CAPITAL PLAN REVIEW (CAPPR)
INSPECTOR BUSINESS RULES
US DEPARTMENT OF HOUSING & URBAN DEVELOPMENT (HUD)