Social networking sites and blogs raise new regulatory challenges, particularly in the areas of supervision, advertising and books and records requirements.”
—Rick Ketchum, FINRA Chairman and CEO
As banks increasingly use websites, blogs and social media to connect with customers, the implications of record-keeping regulations by FFIEC, FDIC, FINRA, SEC, and FTC are of growing concern. To ensure full compliance and the ability to pass examinations by these regulators, banks must understand these regulations as they change, and make efforts to revisit their internal record-keeping processes.
PageFreezer has released an exclusive and complimentary white paper addressing these regulations: “Website and Social Media Compliance for Banks and Credit Unions.”
Readers will learn:
The unique risks of social media communications to banks and credit unions
Specific FFIEC, FINRA, SEC and FTC recordkeeping rules regarding social media and web data
Important considerations for collecting social media data
Best practices for capturing data that meets data integrity and authenticity standards
Click here to download the white paper and start improving your bank’s online compliance process.