What is FFIEC?
FFIEC stands for Federal Financial Institution Examination Council. It is a federal government agency that is chartered to review the operational standards and methods used by U.S. financial institutions and determine if they provide adequate security to consumers and businesses. The FFIEC’s recommendations are highly regarded, and play a significant role in pushing financial institutions to adopt more stringent security standards. The FFIEC has recently recommended that “multi-factor authentication” is a critical element in securing financial transactions for home banking and remote deposit capture.
Related Questions
- If I download and install a new release of the FFIEC HMDA Data Entry software for any given year, will that override or wipe out any data/loans that have already been input and saved?
- How do I export (submit) HMDA data from the FFIEC HMDA Data Entry Software using Submission via Web?
- How do I import data into the FFIEC HMDA Data Entry Software?
