InfoSight eNewsletter
Featured Post
Beware of scammers pretending to be from the CFPB
This week we confirmed that scammers are using CFPB employee’s names and imagery to try and steal your money. We’ve heard from people, specifically older adults, who were defrauded thousands of dollars from scammers pretending to be with the CFPB. If someone contacts you and says you’ve won a class-action lawsuit in a foreign country or can receive other large, unexpected amounts of money but must use the CFPB’s assistance to claim the funds, they are lying.
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CFPB: States Can Enforce Federal Consumer Protection Laws
The Consumer Financial Protection Bureau announced it has issued an interpretive rule that describes states’ authorities to pursue lawbreaking companies and individuals that violate the provisions of federal consumer financial protection law. -
Question of the Week
Question: What is the maximum term for a mortgage for a federal credit union? Answer: 40 years, per 12 CFR 701.21... -
The 2022 League InfoSight User Survey is Still Open!!
The majority of our product enhancements are based on client feedback, and there is still time to give us your opinion. -
New InfoSight Content
As an example of how your suggestions help improve our products, we are happy to announce that a new topic, U.S. Savings Bonds, has been added to the Accounts Channel in InfoSight. -
Revised Interagency Q&As on Flood Insurance
Five federal agencies, including the Federal Reserve Board, Farm Credit Administration, FDIC, NCUA, and OCC, recently announced jointly issued Questions and Answers (Q&As) regarding flood insurance on federal flood insurance law and the agencies’ implementing regulations. -
National Illicit Finance Strategy for 2022
The Treasury Department issued the 2022 National Strategy for Combatting Terrorist and Other Illicit Financing (2022 Strategy), which identifies measures to increase transparency in the U.S. financial system and strengthen the U.S. anti-money laundering/counter the financing of terrorism (AML/CFT) framework. -
VA Amends Regs on Fiduciary Activities
The Department of Veterans Affairs has published a final rule [87 FR 29671] amending its regulations that govern fiduciary activities. -
CFPB Wants Consistent Enforcement of Consumer Financial Protections
CFPB Director Rohit Chopra posted a CFPB Blog article to announce a new system for promoting consistent enforcement of consumer financial protections. -
Fed Board Amends Rates in Regs A and D
The Federal Reserve Board has published final rules in a recent Federal Register amending Regulation A (Extensions of Credit by Federal Reserve Banks) and Regulation D (Reserve Requirements of Depository Institutions) to increase certain interest rates. -
Oklahoma State Credit Union Board Meeting Canceled
The Oklahoma State Credit Union Board Meeting scheduled for May 17, 2022 has been canceled.
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