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.
The Federal Trade Commission's Red Flags Rule is now in place.
Guest blogger Thomas Oscherwitz is vice president of government affairs and chief privacy officer at San Diego-based ID Analytics Inc., a leader in consumer risk management.
In light of the new risk-based pricing provisions of the Federal Trade Commission's Fair and Accurate Credit Transactions Act, CUDL has developed a way to help credit unions that are looking to provide auto dealers with credit score disclosure notices.
Here's a New Year's resolution to consider: Ensure compliance with the "Red Flags Rule" the Federal Trade Commission is set to begin enforcing on Friday, Dec. 31.
State-chartered credit unions already have a myriad of federal and state advertising regulations to comply with and therefore shouldn't have to comply with proposed Federal Trade Commission rules aimed at nonbank institutions.