President Donald Trump signed an executive order Thursday calling for reviews of the federal government’s cybersecurity vulnerabilities, directing adoption of specific security practices and directing agencies to provide a risk management report within 90 days.
An updated cybersecurity framework should not create additional requirements, nor should it apply a one-size-fits-all approach for credit unions to demonstrate readiness, CUNA and the ICBA wrote Monday in response to a proposed update of cybersecurity framework.
The White House issued a Presidential Policy Directive this week designed to clarify roles and responsibilities while improving coordination before and during a cyber incident. CUNA discussed the directive Wednesday at the U.S. Treasury.
CUNA’s final rule analysis of the CFPB changes to the TRID rule is now available. The rule, published in the Federal Register this week is effective Oct. 10, with a mandatory compliance date of Oct. 1, 2018.
While proposed changes to the CFPB prepaid accounts rule provide some clarity, it will not be helpful for most prepaid card users and CUNA remains opposed to the rule’s application of Regulation Z to certain prepaid cards.