Regulatory fallout from the housing crash, the Credit Card Act of 2009 and the new Consumer Financial Protection Bureau are making the daily duties of a loan officer look increasingly more like those of a compliance officer. Below are the most burdensome, difficult and confusing current regulations and proposed rules...
The National Retail Federation has urged the Federal Trade Commission to move cautiously in establishing regulations for mobile payments.
The Consumer Financial Protection Bureau remains officially leaderless.
Illinois senator blasts lengthy disclosures, asks FTC to study impact of interchange fee cap.
A survey of federal government employees placed the NCUA on the top 10 list in three of four government performance categories.
Prerecorded cellular telephone calls from a debt collector aren’t allowed unless a consumer has agreed to allow them, a federal court ruled has ruled.
Fair Debt Collection Practices Act regulations covering collections from estates especially relevant to CUs using third-party collectors.
CUs that use credit scores in underwriting loans face new disclosure rules
A debit card fraud breach that began swarming Northeast Ohio in April is said to have affected tens of thousands of accounts and dozens of financial institutions, including at least seven credit unions.
New risk-based pricing provisions of the Federal Trade Commission's Fair and Accurate Credit Transactions Act, or FACTA, require creditors to make available the reasons for customers' credit terms based on their individual credit scores.