NAFCU
releases updated marijuana banking brief
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
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
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.
The 2019 NAFCU
Report on Credit Unions is now available
Get details on the latest
issues and trends affecting credit unions
