Links in “Agencies”
- Anti-Terrorism: What You Need to Know about the Recent ATA Rulings
Earlier this week, there were two court decisions made against financial institutions for violating the Anti-Terrorism Act (ATA). Find out what they did and how you can avoid it. Hint: Record Retention and a robust AML compliance program are important. [9/25/14]
- News Groups: Complaint Narrative Proposal Doesn’t Go Far Enough
News groups submit that CFPB proposal that would require consumers to consent to public disclosure of their complaint narrative should be removed, because the complaints are already subject to disclosure under FOIA. [9/25/14]
- Attention Struggling Homeowners! There Is Help!
Facing foreclosure? The HUD, Treasury, and The Ad Council want you to know that you have options through the Making Home Affordable (MHA) Program. [9/25/14]
- Five Tips on Dealing with Cybersecurity Threats
If we've learned anything about cybersecurity over the past few years, it's that it can happen to anyone. Just ask Target and The Home Depot. But that doesn't mean we're hopeless. Here are five things that you can do toward dealing with those threats. [9/25/14]
- FTC Collects from Abusive Debt Collectors
Pinnacle Payment Services, LLC, has been banned from debt collection activities and is subject to a settlement fee of over $9 million after engaging in abusive debt collection practices. This is one of many recent cases involving the FTC halting illegal and abusive practices related to debt collection. [9/24/14]
- CFPB on Student Debt: Enough Is Enough
CFPB Director Richard Cordray identifies the plaguing effects of student debt on the overall economy. Among other things, the likelihood to purchase homes and cars or hold public service jobs are influenced by increasing levels of student debt. Further, Cordray explains his recent efforts to encourage public service employers to help employees manage their student debt. [9/24/14]
- NASCUS Complains about CFPB’s Complaint Narrative Proposal
Find out what the National Association of State Credit Union Supervisors has to say about the CFPB's proposal to expand the publicly available complaint data to include unstructured complaint narratives. Overall, NASCUS points out that potential complications and burdens may outweigh the expected benefits of the proposed change. [9/24/14]
- NCUA’s Regulatory Modernization Initiative Turns Three!
Celebrating the third anniversary of her Regulatory Modernization Initiative, NCUA Board Chairman Debbie Matz provides insight into the results of the agency's efforts. Regulatory relief for small credit unions is at the top of the list, and Matz emphasizes that more changes will be made in the coming months. [9/24/14]
- CFPB’s Underlying Message: You Do the Crime, You Pay the Fine
Comparing pre- and post-CFPB times and tones, it's easy to identify the themes the CFPB is emphasizing. In general, the bureau has underscored that it will not be turning a blind eye to institutions mistreating consumers, regardless of the reasons given. [9/24/14]
- Hensarling: CFPB Trying to Out-NSA the NSA
Chair of the Financial Services Committee Jeb Hensarling (R-Texas) says the CFPB's data collection methods are a "shocking intrusion" into the privacy of American Citizens. He says the "CFPB is trying to out-NSA the NSA when it comes to accumulating information on Americans." [9/24/14]
