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Article: Document demolition experts clean up. (Jordan, Lawrence & Associates)
- Article from:
- American Banker
- Article date:
- May 4, 1995
- Author:
CopyrightCOPYRIGHT 1995 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Jordan, Lawrence & Associates is trying to change the banking industry's pack-rat ways.
Banks generally box up the reams of records generated by day-to-day business and shove them on a shelf in a crowded warehouse.
"Banks save everything," said Brad Jordan.
"Ten copies of everything," corrected his partner, Alice Lawrence.
The two own Jordan, Lawrence, the nation's only consulting firm
dedicated to figuring out when banks may discard records without running afoul of government regulators.
Records compliance sounds like a cinch, but Jordan, Lawrence is proving it's not.
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