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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OFAC Widens Scope of Russia-Related Sanctions
The Department of the Treasury recently announced that OFAC had designated key enablers of Russia's invasion of Ukraine. -
Action Plan for Fighting Bias in Appraisals
The Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) has issued an Action Plan to root out racial and ethnic bias in home valuations. -
FinCEN Updates SAR Filing Trends by Industry
FinCEN has updated its SAR Filings by Industry, which now includes data on filings from Jan. 1, 2014, to Dec. 31, 2021. -
Responding to Federal and State Subpoenas
Our members depend on our services not only for ready access to their deposits, but also to maintain the security of their nonpublic information. This includes protection from the prying eyes of the federal government. -
Question of the Week
Question: What is the 910-day rule in bankruptcy? Answer: The 910-day rule refers to a provision in Chapter 13 bankruptcy statutes that allows a person who has acquired a loan more than 910 days prior to filing to reduce the loan balance required to pay off the car to the value of the car. -
Recovery Pro Video Tour
If you haven’t explored RecoveryPro, now is the time! Business Continuity Planning (BCP) has been near the top of many credit union’s strategic planning goals. -
DOJ Issues Guidance on ADA Web Accessibility
The Department of Justice recently issued guidance on web accessibility and the Americans with Disabilities Act. -
Letter to Federal Credit Unions Final Rule on Definition of Service Facility
In a recent NCUA Letter to Federal Credit Unions, the NCUA announced a final rule amending the definition of “service facility” for multiple common-bond federal credit unions became effective December 27, 2021. -
USAA FSB Fined $140M For BSA/AML Violations
FinCEN and the OCC have issued enforcement orders against USAA Federal Savings Bank, Austin, Texas, for willful violations of the Bank Secrecy Act and its implementing regulations. -
FTC Stops Credit Repair Scheme
The Federal Trade Commission reported that it has obtained an order halting a credit repair scheme that allegedly bilked consumers out of millions of dollars by falsely claiming they will remove negative information from credit reports, while also filing fake identity theft reports to explain negative items on customers' credit reports.
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