Compliance Center: CFPB Releases Winter Supervisory Highlights
Findings from recent CFPB examinations; your question answered on verifying names on direct deposit IRS refunds; plus this week’s legal briefs.
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Compliance Center: CFPB Proposed Temporarily Suspending Credit Card Agreement Submissions
The bureau issued proposed rule to temporarily suspend requirement for card issuers to send in agreements; your question answered on verifying names on direct deposit IRS refunds; plus this week’s legal briefs.
Compliance Question of the Week
What happens if a tax refund was automatically deposited into the wrong account?
FinCEN Issues Advisory on Tax Refund Identity Theft
Credit unions are critical in identifying tax refund fraud, and to assist credit unions in identifying potential cases, FinCEN has identified a number of red flags to bear in mind during tax season.
Enroll in the TurboTax Discount Program and Members Could ‘Double Their Refund’
Credit unions have until Thursday to become a TurboTax Promoter through Invest in America, a Strategic Link business partner, allowing members to save on TurboTax’s top-selling federal products.
FinCEN Addresses Tax Refund Fraud Prevention and Detection
Credit unions are well positioned to discover instances of tax refund fraud, and FinCEN issued an advisory last week with several signs of potential fraud to be wary of in the coming weeks.
IRS Releases the Dirty Dozen Tax Scams for 2012
The IRS has issued its annual “Dirty Dozen” ranking of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud.
Compliance Question of the Week
What should be done if an IRS refund direct deposit went into the wrong account?