Most of the practices deemed unfair or deceptive by the Federal Reserve have disappeared from new credit card offers since
federal passage of the Credit CARD Act last year, according to a new report by the Pew Health Group's Safe Credit Cards Project.
Yet new trends have emerged that could cost cardholders significantly.
Consumer Financial Protection Bureau Director Richard Cordray will step down from the agency by the end of the month after serving since 2013. CUNA President/CEO Jim Nussle said CUNA looks forward to a new era at the bureau, one that takes credit unions’ structure and purpose into account during rulemakings.
More than 300 credit union compliance professionals from 237 credit unions and more than 20 associations attended last week’s CUNA/NASCUS BSA Conference to get the latest information on BSA compliance from regulators, attorneys and other compliance professionals.