Links in “Uncategorized”
- Unprofessional Employee + Social Media = Major Headache for Alabama CU
An employee of an Alabama credit union allegedly posted on Facebook the names of a couple with a negative balance and uses the hashtags "perks of my new job" and "I know everyone's dirt." Firestorm ensues. Time for some social media training, anyone? [3/19/15]
- With EMV, Thereâs Good News and Bad News
EMV chip technology has demonstrated that it's effective in reducing credit card transaction fraud. Unfortunately, the data from other countries that have been using EMV technology for some time also shows that it can bring a 300% to 400% increase in application fraud. How do you protect your credit union from this threat? [3/5/15]
- $9.35 million to resolve a SCRA Lawsuit
Santander Consumer USA Inc. has agreed to pay at least $9.35 million to resolve a lawsuit by the Department of Justice alleging that the motor vehicle lender violated the Servicemembers Civil Relief Act (SCRA). The settlement covers the improper repossessions of 1,112 motor vehicles between January 2008 and February 2013. The proposed consent order represents the largest settlement for illegal automobile repossessions ever obtained by the United States under the SCRA. [2/27/15]
