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CFPB August Complaint Report Shines Spotlight on Bank Account Dissatisfaction

The monthly complaint snapshot highlights consumer complaints about bank accounts and services. Also, legal briefs and compliance questions answered.

CUNA’s Credit Union Magazine Shares the Top 10 Issues on the CFPB’s Radar

Annual privacy notices, prepaid cards, and overdraft programs three of the CFPB’s top 10 priorities for 2015, according to Credit Union Magazine.

Effective Compliance Management Program Should Include Complaint Tracking

Why would a credit union want to establish complaint tracking and management processes? The short answer is: “Because regulators are looking at your complaints.” Also in today’s Anthem: Legal Briefs, and the Question of the Week: “If a member wants to purchase a cashier’s check for $9,975 with a service fee of $50 and pays in cash, is the credit union required to file a Currency Transaction Report?”

FFIEC Issues Final Guidance for Social Media Compliance

The Federal Financial Institutions Examination Council (FFIEC) has released its final guidance on social-media usage by financial institutions. The guidance doesn’t differ too much from the original proposal released earlier this year, but it does provide some important clarifications.

How Has the CFPB Impacted Credit Unions?

Hal Scoggins, featured presenter at the NWCUA’s upcoming Legal Update Seminar, discusses the main ways the CFPB has impacted credit unions and gives a glimpse at what’s to come as the bureau continues to expand its authority.

NWCUA Regulatory Advocacy Update: Association Meets with NCUA Northwest Leadership

The weekly Regulatory Advocacy Update outlines the NWCUA’s efforts to reduce the regulatory burden on credit unions and protect the larger movement. Included here are updates on a recent meeting between the Association and the NCUA.

NWCUA Regulatory Advocacy Update

The weekly Regulatory Advocacy Update outlines the NWCUA’s efforts to reduce the regulatory burden on credit unions and protect the larger movement. Included here are updates on the Washington Legislature, the NCUA and the CFPB’s report to Congress.

Judge Dismisses Most Complaints in Heartland Data Breach Suit

A U.S. District Court judge dismissed most complaints brought by a number of financial institutions against Heartland Payment Systems Inc. regarding its January 2009 data breach.

Cordray Rejected as Nominee to Lead CFPB

The NWCUA’s Regulatory Advocacy team works with state and federal regulators to help reduce the regulatory burden on credit unions and protect the credit union movement. Included here are updates on the CFPB and recent changes to the postal service.

The Corner Office: Reflections on Dodd-Frank

Oregonians CEO Chuck Garner says he and his credit union have many concerns about the unintended consequences of the Dodd-Frank Act, which was signed into law one year ago.