THE COST OF 'TCPA' NON-COMPLIANCE
updated 08/11/14 01:44 PM
Challenges and Recommendations
Wells Fargo Bank: $950,000. JP Morgan Chase: $11.3 million. Bank of America: $32.1 million. Wells Fargo Home Mortgage: $17.1 million. Sallie Mae: $24.1 million.
These are just a sampling of class-action settlements seen in the last few years based on alleged violations of the Telephone Consumer Protection Act (TCPA).
With statutory penalties of $500 to$1,500 per violation (each call is treated as a separate violation), TCPA is quickly becoming the new favorite statute among class-action attorneys.
MAGIC JOHNSON: REACH FOR NEW HEIGHTS updated
10/21/14 07:20 AM
Delivers Riveting AMC Message
REACH 2014 keynote speaker Earvin "Magic" Johnson challenged leaders attending the California and Nevada Credit Union Leagues’ Annual Meeting and Convention on Tuesday morning to elevate their credit unions to the next level, take their egos out of the game, and "join the team."
PAC GOLF TOURNAMENT RAISES 32k updated
10/21/14 07:08 AM
First Day at Leagues' Convention
More than 80 credit union executives and industry vendors played in the 2014 PAC Golf Tournament on Monday morning at the Mountain Gate Country Club, raising $32,000 for the California Credit Union League’s Political Action Committee (PAC).
CA LEADERS MEET WITH CFPB OFFICIAL updated
10/17/14 10:31 PM
An 'Extremely Worthwhile' Discussion
Nearly 15 credit union leaders recently met at California Coast CU in San Diego with Jennifer Stockett, senior advisor for the office of financial institutions and business liaison at the Consumer Financial Protection Bureau (CFPB).