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Relevant Information—For You, By You
Tom Wolfe, Managing Partner of Moore Brewer Wolfe Jones Tyler and North

KNOW HOW 'UCL' CAN AFFECT YOUR CU
updated 01/16/14 03:12 AM
Court Case Sheds Light on Issue
In Rose v. Bank of America, the California Supreme Court held that a claim under California’s Unfair Competition Law (UCL) may be based on violations of the federal Truth in Savings Act (TISA) even though Congress repealed the provision of TISA authorizing a private right of action.

The UCL is found in California Business and Professions Code §17200, et seq., and defines “unfair competition” as any business act or practice that is unlawful, unfair or fraudulent, as well as deceptive, unfair, untrue, or misleading advertising.

Click here to continue reading the latest Legal column on Page 9 within the December/January edition of Credit Union Digest!

 
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CHAPTER FORUM, RECEPTION ENGAGES CUs updated 10/27/14 06:55 PM
Networking and Awards after 'REACH'
Credit union chapter members from across California and Nevada gathered Oct. 23 at the JW Marriott (L.A. Live) in downtown Los Angeles to attend the 2014 Chapter Forum, which offered a full day of valuable networking and educational sessions for attendees who were eager to share individual stories about the work their chapters are accomplishing.

NEEN JAMES CHALLENGES CUs AT 'REACH' updated 10/27/14 04:17 PM
'Time is the New Currency'
By Wednesday afternoon, nearly 700 credit union CEOs, professionals, industry vendors, and guests had attended REACH 2014, the California and Nevada Credit Union Leagues’ Annual Meeting and Convention from Oct. 20-22 at the JW Marriott (L.A. LIVE) in downtown Los Angeles.

CFPB, FTC HOST DEBT COLLECTION FORUM updated 10/27/14 03:31 PM
Latino Consumers Discussed
The Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB) recently hosted an all-day forum on “Debt Collection and the Latino Community,” which brought together consumer advocates, industry professionals, and regulators to discuss how debt collection issues affect Latino consumers, especially those with limited English proficiency (LEP).

FinCEN: QUARTERLY UPDATE ON 'SARs' updated 10/27/14 03:09 PM
Also, Mortgage Service Transfer Guidance
The Financial Crimes Enforcement Network (FinCEN) has issued its SAR Stats quarterly update, which provides information on Suspicious Activity Reports (SARs) filed through Sept. 30, 2014.