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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SBA Deferring Payments on EIDLs
Recently, SBA Administrator Isabella Casillas Guzman announced that the SBA will provide additional deferment of principal and interest payments for existing COVID Economic Injury Disaster Loan (EIDL) program borrowers for a total of 30 months of deferment from inception on all approved COVID EIDL loans. -
Question of the Week
Question: We have a member who has died and left their proceeds to a beneficiary. That beneficiary owes money to the credit union for charged-off loans and deposits accounts. Can we take that money? Answer: No. You may not. The remedies that permit you to “offset” do not allow you to seize funds from a deceased person’s account for this purpose. -
Reserve your hotel room for Oklahoma GAC
If you’re all about attending this year’s Oklahoma Governmental Affairs Conference, April 12–13, this is your gentle reminder to reserve your hotel room in our block at the Renaissance Waterford Oklahoma City. -
Texas Credit Union Commission Meeting Results
On March 11, the Texas Credit Union Commission met at the Texas Credit Union Department (TCUD) building in Austin. The following is a summary of the meeting. -
Happy St. Patrick's Day
Eat, dance, and be in compliance! -
CAMELS – More Information
The existing CAMEL rating system is changing to CAMELS (Capital adequacy, Asset quality, Management, Earnings, Liquidity, and Sensitivity to market risk). -
CFPB: New Effort Focused on Financial Issues Facing Rural Communities
The Consumer Financial Protection Bureau has launched a new initiative to focus on financial issues facing rural America. -
Executive Order on Development of Digital Assets
Last week, President Biden issued an Executive Order on "Ensuring Responsible Development of Digital Assets." The key objectives established in the EO are... -
Russian State-Sponsored Cyber Actors Access Network Misconfigured with Default MFA Protocols
CISA and the Federal Bureau of Investigation have released a joint Cybersecurity Advisory that details how Russian state-sponsored cyber actors accessed a network with misconfigured default multifactor authentication (MFA) protocols. -
CFPB blogs on Homeowner Assistance Fund
The CFPB has posted a blog article on how the Homeowner Assistance Fund (HAF) helps borrowers prevent foreclosure.
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