The NCUA has unveiled a new and improved online ConsumerAssistance Center, which will allow users to submit inquiries,complaints and additional documentation through a secure portal,plus check the status of their complaints, the agency announcedThursday.
|Along with the upgraded tool comes a new set of complaintresolution procedures, which the agency said will improve andstreamline how the agency handles consumer complaints involvingfederal consumer financial protection laws and regulations.
|The NCUA said that under the new procedures, a complaint filedthrough the Consumer Assistance Center involving a federal consumerfinancial protection matter will be sent to the credit union, whichwill have 60 days to resolve the problem and inform the agency ofthe outcome. If the complaint remains unresolved, the ConsumerAssistance Center may begin its own investigation to determinecompliance with federal consumer financial protection laws andregulations.
|Consumers will be the first to use the new portal as rolloutcontinues in the coming weeks, and credit unions will soon have thechance to follow by submitting complaint response information, andchecking the status and number of open complaints that involvetheir institutions, the agency said. Credit unions will not berequired to use the portal.
|The new technology is now live, and can be accessed on theNCUA's consumer website, MyCreditUnion.gov.Credit unions will have an opportunity to learn how to use the newportal in an October webinar and an instructional video the agencysaid it plans to release in the near future.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.