Links in “Consumer Protection”
- OCC Bans Bank Employee for Selling Customer Info
Among other enforcement actions, former banker in South Dakota banned from banking for selling customer information to an outside party, which used that information in a fraudulent check-cashing scheme that cost the bank nearly $50K. [8/19]
- CFPB: Knowledge Is Power
CFPB unveils strategy to improve consumer protection through financial literacy. Educate, empower & enforce. [7/19]
- New NCUA Deputy Director for Office of Consumer Protection
20+ Year NCUA Veteran Biliouris takes key role in Consumer Protection Division. [7/16]
- CFPB at Public Field Hearing: Consumers Need Options Against Debt Collectors Who Break the Law
In a field hearing in Maine, CFPB director lays out how consumers can use action letters to communicate with debt collectors and how they can submit a complaint to the CFPB if they believe they are harmed by illegal conduct; CFPB also releases two new bulletins on debt collection practices. [7/12]
- TILA Lawsuits Down, But Not Out
16 lawsuits in federal courts over alleged Truth in Lending violations in May, less than half filed a year earlier; but new regulations and a heavier focus on consumer protection are inspiring fears that litigation could increase. [7/5]
- Are Your Members Aware of These Money Scams?
Consumers have lost millions of dollars through the scams identified in this article; make sure your members know to be on the watch for these situations. [6/19]
- CFPB to Release Today Report on Impact of Overdraft Practices
Report looks at the impact on consumers of overdraft policies since the 2010 implementation of a consumer opt-in requirement under Reg E. [6/11]
- 5 Commandments for Protecting Member Information
Five steps any credit union can take to help safeguard member information. [6/6]
