The members of the Federal Financial Institutions Examination Council (FFIEC) announced an update on its examination modernization project that was undertaken following the review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA).
CUNA remains concerned about a very narrow definition of "bad faith" for patent assertion letters that would trigger enforcement actions under the Targeting Rogue and Opaque Letters Act. The House Energy and Commerce Committee approved the bill 30-22 this week.
A coalition of six Democratic senators introduced a data protection bill Thursday that would, in part, require companies that store sensitive personal or financial information on 10,000 customers or more to meet specified consumer privacy and data security standards to keep this information safe, and notify the customer within 30 days of a breach.
ALEXANDRIA, Va. (4/30/15, UPDATED 10:55 a.m. ET)--The National Credit Union Administration this morning voted 2-1 to approve a rule to limit credit unions' use of associational common bonds to add to fields of membership.