news.cuna.org/articles/108189-inside-washington

Inside Washington

October 27, 2015

WASHINGTON (10/27/15)--The Financial Action Task Force has released its Emerging Terrorist Financing Risks report, which provides an overview of financing mechanisms and financial management practices used by terrorists and terrorists organizations. The report also explores the emerging terrorist financing threats and vulnerabilities posed by foreign terrorist fighters (FTFs), fundraising through social media, new payment products and services, and the exploitation of natural resources…

WASHINGTON (10/27/15)--Consumer Financial Protection Bureau (CFPB) Director Richard Cordray said Friday that the bureau was taking “direct action” to identify details in a situation involving RushCard, a prepaid card owned by UniRush LLC, and consumers’ inability to access funds in their accounts for more than a week. Cordray noted in his statement that the CFPB has engaged in discussions with fellow regulators, including the Office of the Comptroller of the Currency and the Federal Trade Commission, to ensure “a comprehensive response that addresses the situation quickly and holds accountable all of the parties involved to make consumers whole.” The CFPB director encouraged affected consumers to continue to file complaints. “…I have personally spoken with UniRush CEO Rick Savard to make sure that action is being taken to address harm that has occurred, the harm that may still be occurring, and the cascading financial effects of consumers not having access to their funds for more than a week,” Cordray stated…