NAFCU
offers top cybersecurity resources as criminal activity continues
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
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
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.
Last week to get $250 off board and compliance
training
Use code SUMMER by 8/30/19
Debt-settlement
company to pay $236,000 for violations
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
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
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
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.
