Credit unions who made claims under the Home Depot data breach settlement will begin receiving settlements payments from the company starting in January. A settlement was approved in September that included the creation of a $25 million fund by Home Depot and an agreement to strengthen its future data security measures.
In recognition for his almost forty years of service to the credit union movement and innovative spirit pushing the movement forward, the National Credit Union Foundation Chuck Purvis, resident/CEO at Coastal CU, Raleigh, N.C., as the recipient of a 2018 Herb Wegner Memorial Award for Outstanding Individual Achievement.
Consumer Financial Protection Bureau Director Richard Cordray will step down from the agency by the end of the month after serving since 2013. CUNA President/CEO Jim Nussle said CUNA looks forward to a new era at the bureau, one that takes credit unions’ structure and purpose into account during rulemakings.
The House passed legislation to reauthorize the National Flood Insurance Program, including changes that could limit future coverage and discounts for high-risk properties, modify premiums and surcharges paid by policyholders and expand opportunities for private insurers to sell policies.
CUNA offered comments on the Consumer Financial Protection Bureau’s interim final rule clarifying the written notice requirement for affected borrowers who have exercised their right to cease communication under the Fair Debt Collection Practices Act.
CUNA unveiled its analysis Monday of the Tax Cuts and Jobs Act (TCJA), released Nov. 9 by the Senate Finance Committee. The tax reform bill cuts taxes by approximately $1.5 trillion over 10 years, and makes significant changes to America’s tax laws.