Links in “Agencies”
- FTC Studies Credit Card Data Security Auditing
The Federal Trade Commission has issued orders to nine companies that conduct payment card industry screening, requiring them to provide the agency with information on how they conduct assessments of companies to measure their compliance with Payment Card Industry Data Security Standards (PCI DSS). [3/8/16]
- Happy Consumer Protection Week!
March 6-12 is National Consumer Protection Week (sorry, there is no PTO for this). The FTC will focus on protecting consumers from fraud, identity theft and other related issues. [3/7/16]
- 18-Month Examination Cycle Rule for Certain Institutions Adopted
Institutions with up to $1 billion in total assets and that meet certain other criteria now qualify for an 18-month on-site examination cycle, rather than a 12-month cycle. [3/7/16]
- NCUA Shutters Education Associations FCU
The Washington, D.C.-based credit union had 665 members and assets of $2.5 million. It was chartered in 1954. [3/7/16]
- NCUA’s No-no List
NCUA names four individuals who are prohibited from being involved in the affairs of any federally insured financial institution. The individuals have pleaded guilty to charges of embezzlement, theft, or structuring. [3/1/16]
- FDIC Releases Q2 CRA Dance Card
A schedule of institutions to be examined for CRA between April 1, 2016 to June 30, 2016, is now available. OCC releases its schedule, too. Time to check that public file. [3/1/16]
- Former FHA/HUD Official’s Relationship with Agency Too Cozy?
He's now president and CEO of Mortgage Bankers Association, but he was the former FHA commissioner and assistant HUD secretary. A group is calling for an investigation into David H. Stevens contacts with his former agency. [3/1/16]
- No-Interest CU
The NCUA has agreed to insure members accounts of Jafari No-Interest Credit Union. The credit union will serve members of three religious associations in Texas. [2/29/16]
- CFPB: Keeping the Marketplace “Fair”
The CFPB outlines its nine priority goals to protect and help consumers in the financial marketplace. [2/29/16]
- Proposed Rule for Timely Deposit Insurance Determination
The FDIC is proposing new requirements for timely deposit insurance determination. The proposed rule would require certain large insured depository institutions to maintain data on each depositorâs ownership interest by right and capacity, and would facilitate prompt payment of FDIC-insured deposits in the event of a failure. [2/26/16]
