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Brief
"On 31/10/2024", the "National Credit Union Administration" issued an update regarding "Chairman Harper and Board Member Otsuka Statements on CFPB’s Enforcement Action Against VyStar Credit Union". The NCUA and CFPB jointly investigated VyStar Credit Union for violating the Consumer Financial Protection Act, resulting in a $1.5 million civil penalty. The credit union was also ordered to refund members for previously uncompensated fees and costs caused by the system outage.
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