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 Invokes Authority to Examine Non-Bank Financial Companies
The CFPB announced it is invoking a largely unused legal provision to examine nonbank financial companies that pose risks to consumers. -
Question of the Week
Question: Our credit union operations are only in Oklahoma, but we have members in many other states. Is it appropriate to escheat all dormant funds to the state of Oklahoma? Answer: No. Funds should be escheated to the state in which the member resides. -
Russian State-Sponsored and Criminal Cyber Threats to Critical Infrastructure
The cybersecurity authorities of the United States, Australia, Canada, New Zealand, and the United Kingdom have released a joint Cybersecurity Advisory (CSA) to warn organizations that Russia’s invasion of Ukraine could expose organizations both within and beyond the region to increased malicious cyber activity from Russian state-sponsored cyber actors or Russian-aligned cybercrime groups. -
Rather get picked last for dodgeball then get audited?
CU PolicyPro has a variety of auditing tools to help you stay on top of changes and ensure your policies are up to date. -
CFPB FDCPA Report to Congress
The Consumer Financial Protection Bureau on April 15 announced it has submitted its annual report to Congress, which summarizes activities of the Fair Debt Collection Practices Act (FDCPA). -
FHFA Finalizes Strategic Plan
This week, the Federal Housing Finance Agency issued the FHFA Strategic Plan: Fiscal Years 2022-2026, which provides a framework of the agency’s priorities for the coming years as the regulator of the Federal Home Loan Bank System and conservator of Fannie Mae and Freddie Mac (the enterprises). -
Proposal Would Update Uniform Practice, Procedure Rules
The NCUA Board unanimously approved an interagency notice of proposed rulemaking that would amend the Uniform Rules of Practice and Procedure via notation vote. -
NCUA’s New Guide Simplifies, Clarifies Federal Credit Union Charter Application Process
The NCUA recently released its new Charter Application Guide and other resources to assist people in navigating the process of applying for a new federal credit union charter. -
FHA adds 40-Year Mortgage Modification Option
The FHA announced that it is adding a new, 40-year modification option for mortgage servicers to use in conjunction with its partial claim option to assist additional borrowers who are behind on their mortgage payments for FHA Title II forward mortgages. -
CFPB Charges Transunion and Executive with Violating 2017 Order
The Consumer Financial Protection Bureau on Tuesday announced it has filed a lawsuit against TransUnion, two of its subsidiaries, and longtime executive John Danaher for violating a 2017 law enforcement order that was issued to stop the company from engaging in deceptive marketing, regarding its credit scores and other credit-related products.
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