Also: How telemarketing rule applies to CUs; Consumer reporting workshop set for Dec. 10
NAFCU TODAY | The News You Need Daily.
November 26, 2019
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NAFCU releases updated marijuana banking brief [ [link removed] ]
A new version of NAFCU's Marijuana Banking Issue Brief is now available online, providing credit unions with comprehensive, up-to-date information on federal legislative efforts and state-level marijuana laws. Earlier this year, lawmakers in the House passed the bipartisan Secure and Fair Enforcement (SAFE) Banking Act, designed to provide a safe harbor for credit unions and other lenders that serve marijuana-related businesses (MRBs) in states that have legalized the drug.
Telemarketing rule: New NAFCU blog explains impact on CUs; CFPB fines company for violations [ [link removed] ]
As a new NAFCU Compliance Blog post explains the application of the Federal Trade Commission's (FTC) Telemarketing Sales Rule (TSR) to credit unions, the CFPB Monday announced it had settled with a company that provided military travel lending and servicing for violating several consumer protection laws – including the TSR.
CFPB, FTC to host consumer reporting workshop [ [link removed] ]
The CFPB and Federal Trade Commission (FTC) are hosting a free, public workshop Dec. 10 to explore issues related to consumer report accuracy. The event comes amid several changes in the consumer reporting landscape since the FTC released a study in 2012 that reviewed a sample of consumers' credit reports from the three national credit reporting agencies (CRAs) and associated errors.
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NAFCU Calendar: [link removed]
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