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Compliance Center: CFPB Releases Proposed Amendment to the Annual Privacy Notice Requirement Under GLB Act

The proposal follows part of the Fixing America’s Surface Transportation Act (FAST Act) last December.

Compliance Center: New Law Creates Exception to Annual GLBA Privacy Notice Requirement

Learn about the new exception to the GLBA Privacy Notice Requirement; get your question answered about spotting and reporting counterfeit money; plus catch up on this week’s legal briefs.

CFPB Reduces Privacy Notice Burden With New Rule

The Consumer Financial Protection Bureau’s new rule allows FIs that satisfy certain privacy conditions to post consumers privacy notices online rather than sending paper copies.

News & Notes: Here’s What’s Happening Around the Northwest

Oregon’s Jeff Merkley adds his name to Privacy Notification Bill in U.S. Senate; Former foster youth wins 2013 Maps Community Foundation Challenge; North Coast President/CEO Terry Belcoe named 2013 Skagit County Advocate of the Year; Brian Devereux joins Unitus Community Credit Union as vice president of lending.

CFPB Issues Guidance on Reporting Financial Abuse of Older Adults

Credit unions may be the best advocates and watchdogs elder members have to protect them against fraud. Our compliance report details the signs of potential fraud staff should look for, and share CFPB guidance giving credit unions some latitude reporting potential abuse. This is a must-read for staff serving elder members.

Legislation to Reduce Privacy Notices Moves Forward

A bill that would amend the Gramm-Leach-Bliley Act by eliminating costly and repetitive privacy notice mailing requirements passed the House of Representatives Tuesday, marking another step toward lessening the compliance burden.

Senate Votes to Block TAG Extension, Unanimously Passes ATM Bill

The Senate bill to extend the TAG program for banks was defeated this morning, earning only 50 of the needed 60 votes. The vote comes two days after the Senate voted unanimously in favor of a bill that provides regulatory relief around ATM disclosure requirements.

Legal Briefs

Your weekly update on the regulatory landscape.

Legal Briefs

Your weekly update on the regulatory landscape.

Legal Briefs – Dec 28, 2011

Your rundown on the regulatory landscape.