Menu 
X

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.

  • Question of the Week

    Question: Can a power of attorney be signed by a person other than the principal delegating the power? Answer: The answer is yes. A third party can sign in each of the three Cornerstone states.
  • 2022 League InfoSight User Survey

    One of League InfoSight’s initiatives this year is to combine all our products (InfoSight, CU PolicyPro and RecoveryPro) into one platform so all users have one single-sign-on system to access all your most valued resources!
  • Advisory Opinion on Coverage of Fair Lending Laws

    The CFPB published an advisory opinion to affirm that the Equal Credit Opportunity Act (ECOA) bars lenders from discriminating against customers after they have received a loan, not just during the application process.
  • FTC Shuts Down 'The Credit Game' As Scam

    As announced in a recent FTC press release, a federal court has temporarily halted a bogus credit repair scheme known as The Credit Game for promoting a series of lies and deceptions.
  • Nacha Guide on Voice Payments Contract Issues

    Nacha has announced its Payments Innovation Alliance has created a legal and risk mitigation resource guide for financial institutions seeking to implement voice payments capabilities and applications (skills) through smart devices, such as the Amazon Echo and Google Nest.
  • Preventing and Reporting Scams of Older Adults

    The CFPB has a blog article with tips for older adults and their families and friends on how to prevent and report scams which target older adults.
  • Learn How Credit Unions Can Protect Older Americans Against Financial Exploitation

    On Thursday, May 19 beginning at 1p.m. Eastern, the National Credit Union Administration will host a webinar for credit unions looking to protect their older members.
  • Question of the Week

    Question: How does EFT protection work for business accounts? Do we have to grant them the same protections as Regulation E? Answer: No. Regulation E is a consumer regulation, with a consumer defined as “a natural person” under 12 CFR 1005.2(e).
  • InfoSight Content Updates

    New RISK Alerts are now available from CUNA Mutual Group and are found on the Resources area (Credentials required for access).
  • CFPB Issues Spanish Model and Sample Forms

    The CFPB has released Spanish translations for certain model and sample forms included in the Prepaid Rule in Regulation E and for certain adverse action model and sample notices included in Regulation B.

Subscribe

Sign up to the receive the weekly InfoSight eNewsletter email. Existing subscribers can manage their subscription.

Compliance Questions?

Cornerstone members have access to a wide variety of compliance assistance.

New Podcast

Cornerstone League Podcast

Now available on  Spotify and Apple Podcasts.

Perspectives Magazine

Perspectives Thumb Vol 17 Issue 3 271px

Read the latest issue.