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This past Wednesday, June 15 was World Elder Abuse Awareness Day. FinCEN has issued Advisory FIN-2022-A002 on Elder Financial Exploitation (EFE), which involves the illegal or improper use of an older adult’s funds, property, or assets and is often perpetrated either through theft or scams.
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The CFPB recently announced it has published a “Beginner’s Guide to Accessing and Using Home Mortgage Disclosure Act Data,” a 30-page resource for those interested in using these comprehensive data on the U.S. mortgage market.
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Senate Banking, Housing, and Urban Affairs Committee Chairman Sherrod Brown (D-OH) has written to Treasury Secretary Janet Yellen, who oversees the Financial Stability Oversight Council (FSOC), to express concern with the collection and sale of consumer financial data practices.
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Question: If a member is tricked into providing debit card information to a 3rd party who then uses it to purchase items, can we deny the claim under Reg E, since the member willingly provided the access information?
Answer: No. To cite the CFPB’s December 2021 guidance...
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After eight years as the executive director of Oklahoma Credit Union Association and more than two decades in Oklahoma politics, Nate Webb has announced his retirement, effective June 30.
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InfoSight provides compliance information written in simple terms that all credit union staff can easily understand.
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OFAC has published seven new FAQs and updated two previously issued FAQs, all relating to its Russian Harmful Foreign Activities Sanctions.
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The Federal Trade Commission has posted an article, "Reported crypto scam losses since 2021 top $1 billion, says FTC Data Spotlight," on his Business Blog.
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Low-income credit unions that want to apply for Community Development Revolving Loan Fund grants in 2022 have until June 24 to submit their applications.
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The Federal Trade Commission has published a notice of proposed rulemaking [87 FR 33677] seeking public comment on proposed amendments to the Telemarketing Sales Rule (TSR).