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January

29
2024
Industry News

CFPB proposes new rule on overdraft lending, opens comment period

On January 17, the CFPB issued a proposed new rule to restrict overdraft fees charged by financial institutions. Historically, the Federal Reserve Board exempted banks from credit disclosure requirements when an overdraft was needed to honor checks (for a fee).

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January

29
2024
Industry News

Three ways your business can mark Identity Theft Awareness Week | Federal Trade Commission

January 29th kicks off 2024’s Identity Theft Awareness Week, but consumer-conscious companies promote identity theft awareness – and prevention – 52 weeks a year.

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January

29
2024
Industry News

Community 1st Credit Union Named Top 250 Regional Credit Union in America by Newsweek

Ottumwa, IA: Newsweek, along with Plant-A Insights Group recently announced that Community 1st Credit Union has been recognized as one of America’s Best Regional Banks and Credit Unions for 2024, receiving a prestigious five-star rating on a five-star scale.

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January

29
2024
Industry News

Attorney General Bonta Announces Investigative Sweep, Focuses on Streaming Services’ Compliance with the California Consumer Privacy Act

OAKLAND – Ahead of Data Privacy Day, California Attorney General Rob Bonta today announced an investigative sweep, and is sending letters to businesses with popular streaming apps and devices alleging that they fail to comply with the California Consumer Privacy Act (CCPA).

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January

29
2024
Industry News

CFPB proposes rule to ban “rarely charged” NSF fees for declined transactions based on wildly expansive view of “abusive” prong

On January 24, 2024, a week after issuing its proposed rulemaking for overdraft services, the Consumer Financial Protection Bureau (“CFPB”) issued its proposed rulemaking on non-sufficient funds (NSF) fees.

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