Compliance Center: CFPB Issues Bulletin on Reporting Negative Account Histories

The CFPB warns financial institutions about misreporting account information to credit reporting companies; your question answered about FCRA requirements for credit reporting; plus this week’s legal briefs.

Legal Briefs

Your weekly update on the regulatory landscape.

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.

NCA Security & Technology Insight: FTC Warning on Sharing Files in the Cloud

In this week’s contribution from a Strategic Link business solutions partner, Network Computing Architects, Inc. (NCA) shares some do’s and don’ts on cloud file sharing.

Legal Briefs

Your weekly update on the regulatory landscape.

Legal Briefs

Your weekly update on the regulatory landscape.

FTC Warns Mortgage Advertisers: Ads May Violate Federal Law

After reviewing hundreds of mortgage advertisements, the FTC sent warning letters to 20 real estate agents, home builders and lead generators urging them to review their ads for compliance with Regulation N.

FTC Issues Amended Rule on Identity Theft ‘Red Flags’

The FTC published an interim final rule on identity theft “red flags” that narrows the definition of a creditor to ensure the rule’s consistency with the Fair Credit Reporting Act.

Legal Briefs

Your weekly update on the regulatory landscape.

FTC Seeks Comments on Additional Proposed Revisions to Children’s Online Privacy Protection Rule

The FTC is publishing a Federal Register notice seeking public comment on proposed modifications to COPPA in an effort to further strengthen protection for internet users 13 years of age and younger.

Legal Briefs

Your weekly update on the regulatory landscape.

FTC Announces Schedule for Reviewing Regulations and Rules Transfer to CFPB

The FTC issued a press release updating its 10-year review schedule, announcing that it would not review four rules previously scheduled for review in 2012. The release also clarified the rules whose authority would be transferred to the CFPB.

FTC Warns Marketers That Mobile Apps May Violate Fair Credit Reporting Act

The Federal Trade Commission has warned marketers of six mobile background-screening apps that they may be violating the Fair Credit Reporting Act, which is designed to protect privacy and ensure the accuracy of consumer report information.

Identifying Identity Theft

The economic cost of identity theft to members and credit unions is staggering, and the problem is only growing. What can you do to protect your identity?

FTC Final Rule Bans Deceptive Mortgage Ads

The rule covers only entities over which the FTC has jurisdiction, including state chartered credit unions.

Legal Briefs May 17, 2010

Your update of the regulatory landscape.