The FTC has released a list of the top consumer fraud complaints. View the list here.
Why should compliance officers care? NCUA has indicated that credit unions should consider educational efforts regarding identity theft and fraud for their membership. (Letter to Credit Union 05-CU-18, Attachment). This list provides the top 20 areas where consumers have been burned. I think credit unions could build an educational program around that list.
Vegas, baby. Vegas. NAFCU will host a free educational session on Friday, February 29 in Las Vegas, Nevada. Yours truly will hit as many topics as he can in roughly 2 1/2 hours. The event is open to all credit unions. So bring your questions. Your compliance comments. And your lucky rabbit's foot.
When: Friday, February 29, 2008
What Time: 8:30 – 12:00 noon
Where: Planet Hollywood Resort & Casino, Las Vegas, NV
Visit this link for additional details, including how you can sign up.
Current Weigh Loss: 11 pounds.
Needs to Lose: 59.
Days until Wedding: 85.
Current Estimated Odds of Success: Akin to the Pirates' chance of winning the World Series.