REGULATING AGENCY: Vermont Department of Financial Regulation
- Michael Pieciak, Commissioner
- Molly Dillon, Deputy Commissioner of Banking
- Website: dfr.vermont.gov
- Press Releases
- Industry News
LEAGUE: Association of Vermont Credit Unions
STATS: (As of Dec 2020)
- TOTAL # SCUs: 12
- TOTAL # FCUs: 6
- SCU % OF TOTAL (SCUS #/STATE TOTAL #): 67% of 18 VT CUs
- TOTAL $ SCU ASSETS: $1,806,291,351
- TOTAL $ FCU ASSETS: $3,937,084,826
- TOTAL ASSETS: $5,743,376,177
- SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 31%
FUN FACT: Ben & Jerry’s Ice Cream company gives their ice cream waste to the local Vermont farmers who use it to feed their hogs. The hogs seem to like all of the flavors except Mint Oreo.
April 8, 2021 — The Supreme Court has handed financial institutions a major victory in their fight against lawsuits involving automated calls and text messages to consumers.
In a 9-0 decision last week, the court sided with companies, including banks and credit unions, that have been sued for alleged violations of the Telephone Consumer Protection Act. Financial institutions have paid big settlements in recent years to resolve suits that allege they made illegal calls.
The court’s ruling will reduce, but not eliminate, the threat of litigation, predicted Kyle Tayman, a lawyer at Goodwin Procter who represents financial institutions in robocall cases. “I think that’s going to be greatly diminished, but I don’t think we can say it’s completely gone forever,” he said.
In its ruling, the Supreme Court sided with companies, including banks and credit unions, that have been sued for alleged violations of the Telephone Consumer Protection Act.
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