Also: CFPB’s Chopra joins NAFCU for town hall on key CU issues; CFPB fines Chime $3M for UDAAP, remittance violations

October 18, 2023

NAFCU, CUNA, VACUL file amicus brief in payments fraud case ([link removed] )

NAFCU, CUNA, and the Virginia Credit Union League (VACUL) filed a joint amicus brief Tuesday in the 4th Circuit Court Appeals case, Studco Buildings Systems v. 1st Advantage Federal Credit Union. At the center of the case is a rapidly growing and increasingly costly type of fraud – a business email compromise used to fraudulently misdirect payments via ACH.

CFPB’s Chopra, NAFCU’s Berger, member CUs discuss issues impacting the industry ([link removed] )

CFPB Director Rohit Chopra joined NAFCU President and CEO Dan Berger and member credit unions Tuesday for a virtual town hall discussion on a broad range of issues impacting the credit union industry.

CFPB fines Chime $3M for app’s UDAAP, remittance issues ([link removed] )

The CFPB Tuesday issued an order against Chime for deceiving consumers about the speed and cost of remittance transfers through its mobile app, Sendwave. The bureau ordered Chime to refund affected consumers nearly $1.5 million in fees and pay a $1.5 million penalty into the CFPB’s victims relief fund.

Explore Our 2024 Conference Lineup

Ignite your advancement: stay ahead of the game and power your credit union's success. Early bird savings available!

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Retail sales continue strong growth in September ([link removed] )

Total retail sales increased 0.7 percent in September, following similar gains from summer. NAFCU Economist Noah Yosif analyzed the report in a new NAFCU Macro Data Flash report.

NAFCU Online Training Subscriptions - NAFCU Today Ad 1 ([link removed] )

NAFCU CALENDAR ([link removed] )

OCT

23 - 27
Management and Leadership Institute ([link removed] )

Annapolis, MD

OCT

31
Check Fraud - Who Bears the Risk? ([link removed] )

Webinar

NOV

7 - 9
Lending Conference ([link removed] )

New Orleans, LA

JAN

4
Compliance Deadline: FinCEN - Beneficial Ownership Reporting Requirements ([link removed] )

Compliance Deadline

Empower Your Growth

Explore our upcoming 2024 conference lineup ([link removed] ) —especially as you plan for your training budget. Discover new ideas and stronger connections to keep yourself ahead—and your CU growing.

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