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June

3
2024
Industry News

Sound Credit Union Auto Loan Payoff Sweepstakes

TACOMA, Wash., May 31, 2024--(BUSINESS WIRE)--Sound Credit Union (Sound) is thrilled to introduce an exciting opportunity for its members. Starting May 1, all Sound members who open or refinance an auto loan with the credit union will automatically be entered into a special drawing. One lucky winner will have their auto loan balance paid off by Sound, up to $40,000.

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June

3
2024
Industry News

Education Secretary Announces Plans to ‘Modernize’ Federal Student Aid

U.S. Secretary of Education Miguel Cardona is seeking to ensure the Department of Education’s Federal Student Aid (FSA) office “works better and addresses ongoing management and operational challenges,” according to a blog post from the department.

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June

3
2024
Compliance

Colorado Privacy Act Amended To Include Biometric Data Provisions

On May 31, 2024, Colorado Governor Jared Polis signed HB 1130 into law. This legislation amends the Colorado Privacy Act to add specific requirements for the processing of an individual’s biometric data. This law does not have a private right of action.

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May

31
2024
Industry News

Transfer Redux: Once again, CFPB Late Fee litigation transferred from Texas to DC, transfer challenged in Fifth Circuit

In a replay of earlier events, in response to an emergency petition for writ of mandamus and administrative stay of transfer filed by the plaintiffs in the lawsuit challenging the legality of the CFPB’s credit card late fee rule, the Fifth Circuit Court of Appeals on May 29, stayed a District Court order that would have transferred the case to the District of Columbia.

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May

31
2024
Industry News

Fortera Credit Union earns 2024 Great Place to Work certification

CLARKSVILLE, TN — Fortera Credit Union is proud to be Certified by Great Place to Work for the second year in a row. The award is based entirely on what current employees say about their experience working at Fortera.

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