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May

28
2024
Industry News

US House Passes Bill Requiring Congressional Authorization for CBDC

The U.S. House of Representatives passed a bill Thursday (May 23) that would stop bureaucrats from issuing a central bank digital currency (CBDC) without explicit authorization from Congress.

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May

28
2024
Trends

WebRecon Apr 2024 Stats: Almost Everything Up

In April, FDCPA (+12.7%) and FCRA (+12.7%) suits were up over March, and TCPA (+26.2%), FDCPA (+15.2%) and FCRA (+27.4%) suits were all up YTD. CFPB complaints were also up for the month (+2%) and the year (77.9%!). The only holdup from a complete sweep was April TCPA suits, which ticked down -2.9% from March.

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May

28
2024
Industry News

Hurricane season 2024: How to avoid scams before and after a weather emergency

Weather forecasters are predicting an active hurricane season, but if you live in large parts of the country — including those hit by tornadoes over Memorial Day Weekend — you’ve probably noticed more active storms of all types. To get started preparing for hurricane season or any storm, while avoiding scams, check ftc.gov/Weather Emergencies for new information to help you spot, avoid, and report scams as you prepare for, deal with, and recover from extreme weather and natural disasters.

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May

28
2024
Industry News

NCUA Charters Tribe Federal Credit Union

ALEXANDRIA, Va. (May 28, 2024) – The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to Tribe Federal Credit Union in Minneapolis.

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May

24
2024
Industry News

NCUA Vice Chairman Kyle S. Hauptman Statement on Nonsufficient Funds (NSF) Fees

I would like to use this meeting to talk about the NCUA’s recent decision to require credit unions with assets $1 billion and over to publicly publish their revenue from overdraft fees and fees for insufficient funds.

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