INTERACTIVE WEB SITE FOR CONSUMER REGULATION ISSUES IN INTERNET BANKING.The Federal Reserve Board announced on November 21, 2000, a new Internet resource designed to help bankers and bank examiners apply consumer regulations to Internet banking. The Checkers Bank (TCB TCB - Taking Care of Business TCB - Take Care, Baby TCB - Tampere Convention Bureau (Finland) TCB - Tan Construction Boots TCB - Task Control Block TCB - Teatro Brasileiro de Comédia (Brazilian Theater of Comedy) TCB - Telecommunication Certification Body TCB - Telecommunications Control Board TCB - Tension Continuity Bias (graphics/animation) TCB - Terminal Connection Box TCB - Territorial Commissions Board (UK)) is a mock on-line bank whose web site contains violations of federal consumer protection regulations. The TCB site highlights these violations for further investigation. The TCB site provides web pages that address such financial vehicles as loans and credit cards, consumer deposits, investments, and commercial services. Each web page provides a link to a sidebar sidebar n. 1) physically, an area in front of or next to the judge's bench (the raised desk in front of the judge) away from the witness stand and the jury box, where lawyers are called to speak confidentially with the judge out of earshot of the jury. 2) a discussion between the judge and attorneys at the bench off the record and outside the hearing of the jurors or spectators. of supporting information that the user can reach by clicking on the Federal Reserve System seal at the bottom of the page. The sidebar provides educational features designed to help users spot violations and to learn more about the applicable regulation. Each sidebar offers the following features: * Need a hint: Gives hints about what may be wrong with the page without completely mining the challenge * Findings and Follow-up: Marks actual violations or problem areas that require further investigation * Review Regs: Provides a link to the Federal Reserve Board's regulations directory * Suggest Changes: Allows users to electronically send feedback to the Federal Reserve. Though not all pages show violations, for those that do, the issues are described in detail. The Findings page offers users the option to print for further examination. Users of the site may peruse it at their own pace. The Checkers Bank can be accessed at www.federalreserve.gov/tcb. |
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