Fake IRS Phone Calls Defrauding Taxpayers of Millions

Phone scam surges during tax season, tops IRS list of “Dirty Dozen” tax scams for 2015.

WSECU Warns of Fraudulent Texts, Phone Calls; Microsoft Scrambles to Patch Internet Explorer

WSECU and the Washington state Attorney General’s Office are telling consumers this week that they should not respond to text messages and be wary of automated phone calls that claim their debit cards have been deactivated or suspended. Also: Microsoft is scrambling to patch a serious vulnerability in its Internet Explorer browser.

Rally on Wednesday and Tell Congress: ‘Don’t Tax My Credit Union’

Thousands of credit union members and advocates are expected to join in a “Don’t Tax My Credit Union” rally in Washington, D.C., on Wednesday—even if they can’t actually make it to the nation’s capital. The event will stream live on the Internet at http://www.DontTaxMyCreditUnion.org.

Thousands Expected to Join in Online ‘Don’t Tax My Credit Union” Rally

Credit union members and advocates are invited to join in a “Don’t Tax My Credit Union” rally at The Credit Union House in Washington, D.C., on Oct. 2—even if they can’t actually make it to the nation’s capital. The event will stream live on the Internet at www.DontTaxMyCreditUnion.org.

Mortgage Broker Targeting U.S. Service Members Will Pay Record $7.5 Million to Settle Alleged Telemarketing Violations

The FTC cracked down on a mortgage broker by imposing a multi-million dollar fine. As today’s Compliance Update details, Mortgage Investors Corporation allegedly violated the “do not call” list and misrepresented terms of its loan products.

Legal Briefs

Your weekly update on the regulatory landscape.

Compliance Question of the Week

We’re working with a credit bureau to offer a credit card solicitation to select members. The results of our pre-screen criteria indicated that a certain number of members had selected “do not solicit.” We’re thinking this pertains to those who have contacted the credit bureau(s) to remove their names from pre-screened offers. Is this correct? And are there any state laws we should know about concerning “do not solicit”?

‘Outrageous Marketing Techniques’ for Credit Unions Offered at Marketers’ Conference

Ron Rosenberg guarantees his marketing techniques will bring $20,000 in new business revenue within twelve months. Rosenberg is one of many high-level presenters at the NWCUA’s first annual Marketers’ Conference, scheduled for May 9-10 in Seattle.

Through Statement Repurposing, Statements and Bills Become One-to-One Marketing Opportunities

Kaye-Smith’s Dick Ehrig outlines how repurposing monthly bills and statements can provide credit unions with the framework for an individualized marketing plan.

Scam Targets Northwest Credit and Plastic Cards; Consumers Warned not to Give Information

A plastic card scam appears to be playing out in the Northwest. Hundreds of consumers received recorded messages overnight telling them their debit or credit cards had been compromised and asking them to input personal information.

Communication Is the First Hurdle in Disaster Recovery

Mike Retelle, CUNA Mutual Group’s Disaster Response Team leader, discusses disaster relief as it relates to credit unions and emphasizes the importance of communication in the recovery process.