Also: Compliance Blog covers P2P transfers; FinCEN launches division targeting finance threats



NAFCU TODAY | The News You Need Daily.

August 29, 2019



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NAFCU offers top cybersecurity resources as criminal activity continues [ [link removed] ]
More than 70 state and local governments have suffered ransomware attacks in 2019, according to new research by Barracuda, a security and data protection solutions firm.


Compliance Blog highlights options for P2P transfers [ [link removed] ]
NAFCU's Jennifer Aguilar covers the obligations and risks involved with using person-to-person (P2P) transfers, a common service being added by credit unions, in a new Compliance Blog post.


FinCEN launches new division to combat 'illicit' finance threats [ [link removed] ]
FinCEN Wednesday announced its Global Investigations Division (GID), designed to implement targeted investigation strategies related to the Bank Secrecy Act (BSA). Matthew Stiglitz, a former Principal Deputy Chief in the Department of Justice's Criminal Division, is slated to lead the new division.






Debt-settlement company to pay $236,000 for violations [ [link removed] ]
The CFPB Wednesday settled a lawsuit with Asset Recovery Associates, Inc. (ARA), a debt-collection company, for violating the Fair Debt Collection Practices Act. The company will pay at least $36,000 in restitution to affected consumers and a $200,000 civil money penalty.


Court rules to limit TCPA lawsuits [ [link removed] ]
The Eleventh Circuit Court of Appeals yesterday ruled that the receipt of a single, unwanted text messages by itself does not violate the Telephone Consumer Protection Act (TCPA). This ruling sets the precedent that privacy concerns addressed under the TCPA may not apply to single text messages.


ADA case cites NAFCU-supported CU wins [ [link removed] ]
The U.S. Court of Appeals for the Sixth Circuit yesterday upheld the dismissal of another lawsuit against two credit unions related to unclear website accessibility standards under the Americans with Disabilities Act (ADA). Cited in its decision were arguments from two NAFCU-supported appeals court decisions that upheld the dismissal of lawsuits against Department of Labor Federal Credit Union (DOLFCU) and Northwest FCU.


Save $250 on NAFCU's online training subscriptions before Friday [ [link removed] ]
Friday is the last chance for credit union professionals to save $250 on an all-access pass to NAFCU’s exclusive library of online webinars. These online training programs are tailored for staff and volunteers looking to learn, grow, and help their institution. Use code SUMMER by 11:59 p.m. Eastern Friday, Aug. 30.



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