During a recent NCUA Town Hall Webinar, CFPB Director Richard Cordray made some positive comments regarding credit unions, stating that “credit unions were the true consumer protectors” long before the CFPB was even conceived. Those...
Keep a close eye on NCUA’s next Board meeting on Thursday February 19. Their agenda shows that they will consider raising the definition of a small credit union from less than $50 million in...
Interagency Guidance on Private Student Loans with Graduated Repayment Terms A competitive job market, traditionally low entry-level salaries, and higher student debt loads are just a few of the reasons students completing their higher...
The Financial Crimes Enforcement Network (FinCEN) has just released its Suspicious Activity Report (SAR) stats quarterly update which can be found at the following link: http://www.fincen.gov/news_room/rp/sar_by_number.html I always find these stats interesting as you...
We’ve probably all wondered what real value there is to those 314(a) lists that we are required to check every two weeks. Does anything really come of the time we spend checking to see...
Most people don’t exactly love the topic of Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) but it should be a constant topic of conversation among financial institutions. The Consumer Financial Protection Bureau (CFPB)...
You’re not the only one excited to see your W2 form in the mailbox – the bad guys are looking forward to it too. More and more criminals each year are stealing people’s identities...
In her post on November 18, 2014, my colleague Jennifer Anderson-Kapke made you aware of a case pending before the United States Supreme Court (“SCOTUS”) – Jesinoski v. Countrywide Home Loans. SCOTUS rendered its...
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