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October

17
2022
Industry News

Tech CU Expands Into Idaho via its Virtual Branch

SAN JOSE, Calif., Oct. 14, 2022 (GLOBE NEWSWIRE) -- Tech CU (Technology Credit Union) celebrated the grand opening of its Idaho Virtual Branch via a private, online event earlier today. Event speakers included Boise Mayor Lauren McLean, Bill Connors, President and CEO of the Boise Metro Chamber, Reid Stephan, the CIO of St. Luke's, and Jay Larsen, the CEO of the Idaho Tech Council.

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October

17
2022
Industry News

United States: How to Comply with Utah Privacy Law

Businesses that have implemented compliance measures to comply with the California Consumer Privacy Act of 2018, as amended by the California Consumer Rights Act of 2020 (CCPA) can leverage existing compliance mechanisms designed to comply with the CCPA to satisfy requirements under the Utah Consumer Privacy Act (UCPA), which will become operative on 31 December 2023.

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October

17
2022
Industry News

CFPB Scales Back No-Action Letters and Compliance Assistance Sandbox Policies

The Consumer Financial Protection Bureau has revised its policy on No-Action Letters and the Compliance Assistance Sandbox, stating they are no longer effective for “facilitating consumer-beneficial innovation.”

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October

17
2022
Industry News

Data security applies to charitable organizations, too

This week is Charity Fraud Awareness Week, an effort run by charity regulators, law enforcers, and other non-profit stakeholders from across the world. It’s an opportunity to remind charities and other non-profit organizations of how important it is to secure their networks and protect any consumer data they collect from donors, employees, and others. This will help protect the organization from scammers, hackers, and identity thieves.

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October

17
2022
Industry News

CUNA files brief supporting credit union’s use of arbitration agreement

CUNA filed an amicus brief on behalf of Golden 1 Credit Union in a lawsuit, Burgardt v. The Golden 1 Credit Union. At issue is whether Golden 1 Credit Union can compel the plaintiff to arbitrate his claims. Golden 1 Credit Union’s membership agreement did not include an arbitration provision when the plaintiff joined, but Golden 1 later added it, and the plaintiff did not opt out. The plaintiff later filed a putative class action lawsuit in Sacramento, California related to non-sufficient funds fees.

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