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Home > Regulation & Examinations > Laws & Regulations > FDIC Federal Register Citations |
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FDIC Federal Register Citations |
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From: Angie Eilrich Sent: Friday, September 06, 2002 11:46 AM To: Comments Cc: Lloyd Davidson Subject: comment on CIF First Bank Kansas, Salina, Kansas submits the following comments regarding the proposed CIP section of the USA PATRIOT Act: We believe in the thorough identification of new customers to our bank and feel that the procedures outline in the proposed program can be adapted with little difficulty. However, the proposed information was somewhat vague as to whether or not the CIP would apply only to "new customers" or to each "new account". Therefore, if the CIP would include the on-going identification of existing customers each time they obtain a new service or product, we feel that this would be a burdensome, costly and unnecessary process. Additionally, the customer relations ramifications of such a process could be very damaging for banks. We also feel that the guidelines for retaining proof of identification need to be very clear in order to assure compliance with other regulations such as FCRA and Privacy laws. Thank you for the opportunity to comment on this important topic. Lloyd Davidson 785-825-2211 |
| Last Updated 09/06/2002 | regs@fdic.gov |
