CUNA President/CEO Jim Nussle took to the airwaves Friday to highlight the massive costs facing credit unions due to the increasing number of merchant data breaches.
As of late Friday afternoon, credit unions, state credit union leagues, CUNA and other stakeholders had sent 1,654 comment letters on the National Credit Union Administration revised risk-based capital proposal.
Distributed denial of service attacks can, at best, be an annoyance for a business or organization trying to run a website. At worst, they can expose weaknesses that cybercriminals can exploit.
The National Credit Union Administration supports several CUNA-backed regulatory relief bills, including ones that would raise the member business lending cap and allow supplemental capital.
Consideration of a final rule that would change field-of-membership regulations tops the agenda for the National Credit Union Administration's April 30 board meeting.
-The U.S. House passed the National Cybersecurity Protection Advancement Act of 2015 Thursday, by a 355-63 vote.