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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.
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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.
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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.
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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.
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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).
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New RISK Alerts are now available from CUNA Mutual Group and are found on the Resources area (Credentials required for access).
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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.
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The Federal Trade Commission recently announced a proposal to extend protections against telemarketing tricks and traps to small businesses and strengthen safeguards against other pernicious telemarketing tactics plaguing consumers.
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OFAC has announced it has amended and reissued the Ukraine-Related Sanctions Regulations and renamed them “Ukraine-/Russia-Related Sanctions Regulations.”
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The Financial Stability Board recently announced its publication of an interim report, “Supervisory and Regulatory Approaches to Climate-related Risks,” that aims to assist supervisory and regulatory authorities in developing their approaches to monitor, manage, and mitigate cross-sectoral and systemwide risks arising from climate change and to promote consistent approaches across sectors and jurisdictions.