Links in “Agencies”

For over a decade consumers have been wary of identity theft and with all the technology at our fingertips today, this concern is bigger than ever. The FTC has released resources in order to combat this growing concern. [10/20/14]

OCC has released its most recent enforcement orders for September. [10/20/14]

As if you didn’t have enough to deal with already, the CFPB has compiled a report which highlights private student loan borrower complaints. Cordray has issued a call that lenders and servicers “redouble their efforts to deal with these distressed borrowers.” [10/17/14]

NACHA has been stepping up its game this year with the formation of a Board Advisory Group and a Payments Innovation Alliance, and now NACHA has launched a new strategic corporate relations program. [10/17/14]

The proposed No-Action Letter Policy has been released for a 60-day comment period. A penny for your thoughts? [10/17/14]

According to NCUA Chairman Rick Metsger, within the past 12 years there has not been a single case of a board member or supervisory committee member detecting the ongoing internal fraud that led to the failure of the institution. In almost every instance, internal fraud has been detected by an examiner, auditor, or outside party. Metsger urged CU Board members to be more active and involved and provided six "red flags" to watch for. [10/16/14]

Consumer-grade overview of everything you wanted to know about the CFPB, but were afraid to ask. [10/16/14]

The OCC will host two workshops focused on compliance and consumer protection risk surrounding BSA, TILA, CRA, and more. Attendees will come away with an understanding of best practices and what examiners look for in evaluating institutions. Find a full list of upcoming workshops here. [10/15/14]

Recent lawsuits regarding violations of the Telephone Consumer Protection Act (TCPA) has caused the FCC to increase warnings for institutions to ensure "prior express consent" before using cell phone numbers in certain ways. While the main targets have been large institutions, there is concern that "copy-cat lawsuits" will result on a smaller institution level. [10/14/14]

The FDIC announced an Advisory Committee meeting to be held October 29th on the topic of economic inclusion and expanding access to financial services for under-served populations. This meeting is open to the public, and will also be streamed live via the internet. [10/14/14]