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Appeals Court Reverses Part of Bank Overdraft Fee Decision

Dec
31
Appeals Court Reverses Part of Bank Overdraft Fee Decision

The U.S. Court of Appeals for the Ninth Circuit has reversed in part the lower district court’s order that would require Wells Fargo Bank to cease charging overdraft fees based on the high-to-low posting order for all debit-card transactions.

Posted By Sharon Bahr read more

CFPB Upcoming Mortgage Regulations

Dec
31
CFPB Upcoming Mortgage Regulations

Over both 2011 and 2012, the Federal Reserve Board (Fed) and the Consumer Financial Protection Bureau (CFPB) have proposed many regulations covering the mortgage industry, but none have yet been finalized.

Posted By Sharon Bahr read more

Small Issuer Concerns Remain Despite FTC Interchange Report

Dec
31
Small Issuer Concerns Remain Despite FTC Interchange Report

Concerns of credit unions and other small issuers of debit cards remain despite a newly released Federal Trade Commission (FTC) report claiming small issuers have been unharmed by new interchange laws. The FTC report was ordered by the U.S. Congress last year. The agency was charged with assessing the impact of the debit fee interchange cap set by the Dodd-Frank Act.

Posted By Sharon Bahr read more

CFPB News and Updates - 12/21/2012

Dec
26
CFPB News and Updates - 12/21/2012

Consumer Financial Protection Bureau Issues New Proposal on International Remittances

Posted By Sharon Bahr read more

FTC Finalizes Amendments to Children's Online Privacy Protection

Dec
21
FTC Finalizes Amendments to Children's Online Privacy Protection

Earlier this week, the Federal Trade Commission (FTC) finalized amendments to the Children’s Online Privacy Protection rule, which implements the Children’s Online Privacy Protection Act of 1998 (COPPA).  The COPPA rule provides for privacy protections and gives parents greater control over the personal information that websites and online services may collect from children under the age of 13. 

Posted By Sharon Bahr read more

NCUA Plans to Change Examination Notices

Dec
21
NCUA Plans to Change Examination Notices

The National Credit Union Administration (NCUA) is “making some major changes in its examination-related documents.” That is what NCUA Deputy Director of Examination and Insurance Tim Segerson told the Credit Union National Association's (CUNA) Examination and Supervision Subcommittee.  These actions are designed to “help credit unions understand why examiners do what they do, set a baseline for everyone to follow, and to help credit unions

Posted By Sharon Bahr read more

NCUA Making Major Changes in Examination-Related Documents

Dec
21
NCUA Making Major Changes in Examination-Related Documents

The National Credit Union Administration (NCUA) is “making some major changes in its examination-related documents.” That is what NCUA Deputy Director of Examination and Insurance Tim Segerson told Credit Union National Association's (CUNA) Examination and Supervision Subcommittee.  These actions are designed to “help credit unions understand why examiners do what they do, set a baseline for everyone to follow, and to help credit unions get

Posted By Sharon Bahr read more

ATM Disclosure Bill Signed by the President

Dec
21
ATM Disclosure Bill Signed by the President

The ATM disclosure bill, H.R. 4367, was signed into law by President Obama on Thursday, December 20.  The bill eliminates the requirement that ATMs display duplicative signs disclosing fees, a requirement that has created legal and financial issues for some credit unions and other financial institutions.  The bill preserves consumer notification of fees through an on-screen notice.

Posted By dkent read more

Missouri’s Congresswoman-Elect Ann Wagner Talks about House Financial Services Committee

Dec
20
Missouri’s Congresswoman-Elect Ann Wagner Talks about House Financial Services Committee

Missouri Congresswoman-Elect Ann Wagner (R-District 2) is featured in a December 19 article in Politico about serving on the U.S.

Posted By Amy McLard read more

Federal Reserve Reviewing Liquidity Sources at Largest Banks

Dec
17
Federal Reserve Reviewing Liquidity Sources at Largest Banks

The Federal Reserve Board (Fed) is examining liquidity sources at some of the largest U.S.

Posted By Sharon Bahr read more

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