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.
The second phase of Same Day ACH rollout has a Sept. 15 effective date, and a list of recommended action items to be performed has been released. All financial institutions must be prepared to receive by Sept. 15.
As Congress works this week to fund the government past April 28, CUNA will be engaged in the process as it seeks to see 2 particular issues addressed: funding for CDFIs and the CFPB's exemption authority.