ALEXANDRIA, Va. (April 18, 2024) – The National Credit Union Administration Board held its third open meeting of 2024 and unanimously approved an advance notice of proposed rulemaking(Opens new window) that solicits stakeholder comments on ways the agency can improve and update its records preservation program regulations and accompanying guidelines in Part 749 and other parts of the NCUA’s rules and regulations.
Articles
Washington State Collection Agency Board Seeks General Public Member
The Washington State Collection Agency Board is currently accepting applications for a general public member to join the board. Members of the public may apply for a board or commission at any time, regardless of whether there is a current or upcoming vacancy, as vacancies occur periodically throughout the year.
Western District of Washington | New York pair indicted for $1.4 million bank fraud scheme that victimized customers across the U.S. | United States Department of Justice
Seattle – A couple from New York state are in custody tonight following their indictment for a nationwide bank fraud scheme, some of which was executed in Seattle, announced U.S. Attorney Tessa M. Gorman. Amber Towndrow, 35, and Darby Canfield, 34, were indicted by a Seattle federal grand jury on April 3, 2024.
CFPB Levels Up: Consumer Risks in Gaming Draws Regulatory Scrutiny
If you thought virtual reality was free from real-world regulations, think again. On April 4, 2024, the CFPB released an Issue Spotlight that dives deeply into a realm the agency had not previously traversed—video games and virtual worlds.
Adapting to Oregon’s New Wage Garnishment Law: Insights for Collection Agencies
As a collection agency operating in Oregon, staying informed about legislative changes is important for navigating the evolving landscape of debt collection practices. Governor Tina Kotek’s recent signing of SB 1595 introduces multiple amendments to wage garnishment regulations, impacting how collection agencies operate within the state. Here’s why paying attention to this bill is essential and how it will affect collection agencies.
Brown, Reed Push Big Banks to Protect Consumers from Wire Fraud
WASHINGTON, D.C. – Today, U.S. Senators Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, and Jack Reed (D-RI), a senior member of the Senate Banking and Housing Committee, are pushing the nation’s four largest banks to protect consumers from costly and damaging wire fraud.
CHARGES: WESTERN PA. TOW TRUCK OPERATOR INFLATED COSTS, CHARGED 27 VEHICLE OWNERS NEARLY $300K FOR SHORT-TRIP TOWS
HARRISBURG — Attorney General Michelle Henry, along with the Allegheny County Police Department, announced charges against the owner of a Pittsburgh-based towing company for inflating tow costs by charging “accident services” fees and other deceptive practices.
ATR Supports Fight Against CFPB’s Credit Card Late Fee Rule
Without any direction from Congress, the Consumer Financial Protection Bureau (CFPB) finalized a rule that (1) changes the safe harbor dollar amount for late fees from $30, or $41 for subsequent late payment violations, to a strict threshold of $8 while prohibiting any higher amount for future delinquencies; and (2) removes the safe harbor late fee adjustment to account for inflation.