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.
Once the Financial Crimes Enforcement Network’s new customer due diligence rule becomes effective May 11, 2018, credit unions will be required to identify and verify the beneficial owners of business-type accounts.
CUNA continued its efforts for clarifications, including asking for credit card guidance, on the changes to the Military Lending Act Thursday. Many changes became effective last October, and credit card provisions will take effect Oct. 3.
The 2017 CUNA GAC kicks off Feb. 26, registration starts Sunday and leads into that evening’s ED (Filene) Talk, and continues Monday with the kickoff of the general session and a number of breakout sessions.