WASHINGTON (3/29/16)--Individuals wishing to provide feedback on the Federal Financial Institutions Examination Council Cybersecurity Assessment Tool will have the chance April 7, as part of a National Standards of Institute and Technology cybersecurity workshop.
Increasingly frequent and severe cyberattacks involving extortion sparked a warning to credit unions and other financial institutions from the Federal Financial Institutions Examination Council Tuesday.
The regulatory burdens for credit unions due to the Federal Financial Institutions Examination Council’s Cybersecurity Assessment Tool will be much greater than the council estimates, according to CUNA.
CUNA compliance staff met with National Credit Union Administration staff this week to discuss the details of the new Cybersecurity Assessment Tool issued by the Federal Financial Institutions Examination Council.
The House passed a CUNA-backed resolution of disapproval Tuesday for the CFPB's arbitration rule. CUNA has a number of concerns with the rule, and sent a letter of support in advance of the House vote.