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September

4
2024
Strategy

Velera CEO Says Regulation and Cybersecurity Top Credit Union Watch List

The past four years have shown us that industry leaders should always keep an eye out for the unexpected. However, it should also remind us that with a bit of flexibility and resilience, no headwinds are too strong to navigate — including a global pandemic, tumultuous election cycles and the economic uncertainties that followed. In fact, sometimes these unprecedented events can yield positive momentum and opportunities for innovation.

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September

4
2024
Compliance

CFPB Warns of Manipulation in Digital Comparison Shopping Tools

In this episode of his "Clearly Conspicuous" podcast series, "CFPB Warns of Manipulation and Dark Patterns in Digital Comparison Shopping Tools," consumer protection attorney Anthony DiResta discusses the Consumer Financial Protection Bureau's (CFPB) circular warning about comparison shopping operators potentially violating federal law.

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September

4
2024
Strategy

Collecting Personal Information During Checkout: Balancing Consumer Rights with Business Marketing

Building a customer base is time-consuming and expensive. Engaging existing customers is often easier and more profitable than acquiring new customers.  In the US, email and other targeted marketing is a low-cost and high-ROI way to foster this engagement, which makes collecting customers’ email addresses (and other personal information) a high priority for marketers.

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September

4
2024
Compliance

OCC Releases CRA Evaluations for 17 National Banks and Federal Savings Associations

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of August 1, 2024, through August 31, 2024. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The possible ratings are outstanding, satisfactory, needs to improve, and substantial noncompliance.

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September

4
2024
Industry News

Asset Recovery Scam Involving Unauthorized Use of DFPI Logo

The California Department of Financial Protection and Innovation (DFPI) has received information about scammers fraudulently claiming to be from the “Department of Financial Protection and Innovation” and using the same letterhead and logo of the DFPI.

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