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Regional Roundup

Thursday, January 1, 1998

FFIEC Guidance: Consumer Compliance in Electronic Banking

On July 15, 1998, the FFIEC issued guidance on the consumer compliance implications of electronic banking services, such as online systems, stored value cards and e-cash. The guidance summarizes emerging issues under various consumer protection laws and regulations and provides suggestions on how to apply existing consumer laws and regulations to new electronic services.

It also emphasizes the importance of compliance officer involvement in the development and implementation of new electronic banking services and web sites. The FFIEC notes that the regulations will be evolving with the new technologies. For more information, visit the FFIEC's web site at

Key Web Sites for Bankers

Essential banking information increasingly is appearing on the Internet these days. Below is a list of important web sites where such data can be found: (Federal Deposit Insurance Corporation) (Federal Financial Institutions Examination Council) (National Information Center) (Office of Thrift Supervision) (National Credit Union Administration) (Board of Governors of the Federal Reserve System) (Beige Book) (statistical releases)