New NCUA Consumer Assistance Center Technology Improves Complaint Resolution

Consumers Will Be First to Use New Technology, Credit Unions to Follow Soon

ALEXANDRIA, Va. (Sept. 10, 2015) – Resolving consumer complaints will be easier and more efficient thanks to improved online Consumer Assistance Center technology launched today by the National Credit Union Administration.

Starting today, consumers will be able submit inquiries, complaints and additional documentation online through a secure portal. For the first time, they will also be able to check the status of their complaints online. The online Consumer Assistance Center portal will be located on the agency’s consumer website, MyCreditUnion.gov.

NCUA also implemented new complaint resolution procedures that improve and streamline how the agency handles consumer complaints involving federal consumer financial protection laws and regulations.

Under the new complaint handling procedures, a complaint filed with the Consumer Assistance Center involving a federal consumer financial protection matter will be sent to the credit union, which will have 60 days to resolve the problem and inform the agency of the outcome. If the complaint remains unresolved, the Consumer Assistance Center may begin its own investigation to determine compliance with federal consumer financial protection laws and regulations.

NCUA informed federally insured credit unions about these improvements in a Letter to Credit Unions in June.

As the rollout of the new online Consumer Assistance Center portal continues in the coming weeks, credit unions also will be able to use the portal to submit complaint response information securely and check the status and number of complaints concerning their institutions. Credit unions’ use of the portal will be voluntary.

The agency plans to release a video for credit unions explaining how to use the online Consumer Assistance Center portal and the new complaint resolution process. NCUA will also host a webinar for credit unions about the portal and other federal consumer financial protection matters in October.

IR Press

Share
Published by
IR Press

Recent Posts

U.S. Department of the Treasury Releases Final Regulations Implementing Bipartisan Tax Reporting Requirements for Brokers of Digital Assets

Regulations help make filing easier for digital asset holders on taxes already owed WASHINGTON – As part of…

4 days ago

OCC Issues Annual Report for 2024

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today published its 2024 Annual Report.…

1 week ago

OCC Announces Enforcement Actions for December 2024

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against…

2 weeks ago

Treasury Maintains Pressure on Houthi Procurement and Financing Schemes

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned…

2 weeks ago

Treasury Sanctions Georgian Ministry of Internal Affairs Officials for Brutality Against Protesters, Journalists, and Politicians

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is…

2 weeks ago

Treasury Maintains Pressure on Iranian Shadow Fleet

WASHINGTON — Today, the United States Department of the Treasury is imposing sanctions on four…

2 weeks ago