Cash Advance, Check Cashing and Payday Loan Compliance
Cash Advance, Check Cashing and Payday Loan Compliance
COMPLIANCE & TRAINING:
Check Cashing & Payday Loans
Payday loan operators and check cashers: Need help with compliance? We specialize in offering the right product or service to fit the needs of your payday loan, check cashing, or auto title loan company. Whether it's our comprehensive check fraud training seminars, field training, Bank Secrecy Act compliance programs and reviews, or complete guidance in opening or operating a check cashing, payday loan, title loan, signature loan, or internet loan operation, we are ready to offer our assistance. We also represent numerous products, such as Check-A-Check , and CheckDaytaSystems.com to help you operate your business. For all your compliance training needs contact us.
Our Consulting Team offers compliance assistance including:- Custom written AML Programs
- Independent Reviews
- On Site Training
- Monthly Audit Assist
Scams:
If the story doesnīt make sense, then donīt cash the check! Recently, scammers are sending customers cashers
checks with an award letter. The envelopes are being sent from Canada, but the checks (which are counterfeit) are
being sent from various states in the U.S.
Even if the check is accompanied by the envelope, supporting documentation does not mean the item is valid. The bank in most cases will verify the fraud, as well as the customer story in having paid "taxes" up front to receive their funds.
Did you know?
Effecitive March 31st, 2007 FinCEN introduced a new Suspicious activity report Form 109. This form will
replace the previous SAR TDF 90-22-56. The new form must be implemented no later then September 30th, 2007.