Financial Services General
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New Online Privacy Method for Companies That Offer Services for Children
The Federal Trade Commission recently approved a new method for companies, including credit unions, to obtain parental consent for collecting personal information from children.
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New HMDA Rules Change Reporting Threshold and Data Collection
The updated Home Mortgage Disclosure Act includes new data to be collected starting January 1, 2018, and a reporting exemption for small institutions.
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New CFPB Rule Permits Annual Online Privacy Notices
On October 17, 2014, the Consumer Financial Protection Bureau (CFPB) issued a final rule permitting financial institutions to post annual privacy notices online in certain circumstances.
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Legge Talks Bitcoin Basics for Credit Unions
David Legge, financial institutions principal with CliftonLarsonAllen, authored a two-part article on bitcoin for the Credit Union Times.
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CliftonLarsonAllen Acquires PKC Consulting
CliftonLarsonAllen (CLA), a national certified public accounting and consulting firm, announced on August 1, 2014, that it has acquired PKC Consulting, a La Crosse, Wisconsin, consulting, accounting and tax services firm.
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CFPB Proposes Expanding Complaint Policy Statements
On July 16, 2014, the Consumer Financial Protection Bureau (CFPB) issued a proposed policy statement on its consumer complaint database.