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.
CUNA compliance staff recently responded to a query if credit unions are required to disclose the numerical value of the military annual percentage rate to borrowers covered under the Military Lending Act.
Following its groundbreaking comprehensive study on regulatory burden, CUNA released its new Regulatory Burden Calculator that allows individual credit unions to assess the impact of regulation on their operations.
After months of advocacy by CUNA, the CFPB Thursday wrote to CUNA announcing it will initiate a rulemaking this summer to address issues with the bureau’s Truth in Lending Act-Real Estate Settlement Procedures Act integrated disclosures rule.