Michelle Thiel

In today's current struggling economy, we should anticipate that an increased focus will be placed onto companies and persons that make bad decisions. When a company is in major financial trouble, the public may ask, 'How did this happen,' or 'Didn't they see this coming?' The negative impact can seem...

Section 326 of the Patriot Act required the U.S. Secretary of the Treasury to develop regulations setting forth minimum standards regarding customer identification for opening new accounts at certain financial institutions. The federal banking regulatory agencies together developed regulations to implement Section 326. That regulation is known as "the CIP...

Appraisal fraud is a component of many mortgage fraud schemes. This type of fraud is one of the more sophisticated techniques being used to commit mortgage fraud. As one of the fastest growing financial crimes in U.S. history, counter measurements to mortgage fraud are required. One of these measurements involves...

Identity fraud is a crime that costs all of us. As measures have been increased in recent years to mitigate identity fraud, so too has the level of sophistication of the fraudulent acts. Persons that were dedicated to committing fraud had the upper hand for some time, but technology is...

Identity authentication is a component of identifying identity fraud risk. Advances in fingerprint biometric technology have resulted in the ability to conduct biometric verification.

The sale of alcohol and tobacco in the United States requires a merchant to verify the age of the customer. A successful verification of a consumer's age and identity results in a sale for the retail venue and compliance with the law.

Mortgage fraud is one of the fastest growing financial crimes in US history. Here are some tips financial service companies can follow to avoid mortgage fraud.