Links in “Agencies”

CFPB publishes advisory to help consumers protect themselves in the wake of the recent breaches of payment card and other data. Promotion of key actions in event of compromised information provided. [1/28]

Payments for 232,000 borrowers whose mortgages were serviced by GMAC Mortgage are being processed. Average amount is just under $1,000. [1/28]

Sales of new SFRs for 12/2013 seasonally adjusted to annual rate of 414,000 or 7% below November, but 4.5% above December 2012 rate. Median sales price of $270,200 with 5 month supply on the market. [1/28]

The public is invited to the March 31, 2014 event held at Boston University that will celebrate the 150th anniversary of the founding of the OCC and the national banking system. [1/28]

ACH transactions with high levels of return often signify potential fraud and related issues. FTC supports reduction (1% to 0.5%) for triggering an inquiry and/or conducting monitoring. [1/27]

Interesting commentary on home-based (actual home) credit unions and how to conduct examinations of these CUs, balancing the need for examiner safety and examination requirements. NASCUS promotes case-by-case approach. [1/27]

CFPB seeks to supervise nonbank international money transfer providers to make sure they are adhering to protections for consumers sending money abroad. [1/24]

$3,000,000,000 in fines with 15,000 complaints: a month and a mandate to make every complaint count. [1/23]

Bagumbayan Credit Union of Chicago, which was serving 44 members and had assets of $55,140, was liquidated by the NCUA, with members and deposits assumed by Great Lakes Credit Union of North Chicago. [1/22]

NCUA releases warning on “vishing” scheme that uses agency’s name in an attempt to obtain personal financial information. Like most such schemes, the automated call claims to be NCUA and seeks information from consumers regarding alleged compromised debit cards. Warning is good reminder for all FIs to keep consumers/members advised of such practices. [1/22]