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CUs ENGAGE IN THEIR COMMUNITIES
01/05/15 02:22 PM
Holiday Fundraisers, Toy Drives
Scroll down to view the latest on how credit unions and industry affiliates across California and Nevada are donating time and money to help the communities they serve!
Click to view the latest Member News
From the Editors of CU Weekly
THE COST OF 'TCPA' NON-COMPLIANCE
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.
Click here to read the entire Legal column within the August/September edition of Credit Union Digest!