WASHINGTON (3/29/16)--The Federal Trade Commission, looking to assess the prevalence of consumer fraud in the United States during 2016, seeks public comment through June 13 on a proposal to conduct a related survey.
WASHINGTON (3/9/16)--Nine companies have been issued orders by the Federal Trade Commission, requiring them to provide information on how well they comply with data security standards, specifically with regards to Payment Card Industry Data Security Standards audits. The FTC is seeking details about the assessment process employed by the companies.
WASHINGTON (2/11/16)--While CUNA supports compliance with the Federal Trade Commission’s Holder Rule, it worries that credit unions could be held liable for bad behavior of others when it is beyond their ability to prevent it.
WASHINGTON (1/29/16)--Victims of identity theft can now rapidly file a complaint and get a free, personalized recovery guide under the new IdentifyTheft.gov website unveiled Thursday by the Federal Trade Commission.
The operators of a bogus credit repair scam that allegedly tricked consumers into paying thousands of dollars will face a monetary judgement from the Federal Trade Commission and are banned from offering credit repair services.
The second phase of Same Day ACH rollout has a Sept. 15 effective date, and a list of recommended action items to be performed has been released. All financial institutions must be prepared to receive by Sept. 15.
The House Financial Services Committee will conduct a hearing on Rep. Jeb Hensarling’s (R-Texas) Financial CHOICE Act next week. CUNA President/CEO Jim Nussle said CUNA appreciated the effort to bring regulatory relief to credit unions and other institutions.