CUNA and other financial services organizations called on CFPB Director Rohit Chopra to intervene to prevent court-ordered Gramm-Leach-Bliley Act violations. The CFPB has general GLBA rulemaking authority and a responsibility to ensure that inconsistent policy does not displace the rule’s requirements.
The Federal Reserve should extend the effective date for its recent Regulation II final rule to Jan. 1, 2025 in order provide debit card issuers time to implement its requirements, CUNA wrote to the Fed. The rule will currently become effective July 1.
CUNA’s Compliance team has released its annual 2022 Year in Review and checklist, which covers all rules and amendments affecting credit unions issued in the last year and including links to resources, final rules, and effective dates.
The NCUA board will vote on a chartering and field of membership proposal and a cyber incident reporting final rule at its Feb. 16 meeting. The meeting is scheduled to begin at 10 a.m. ET and will be streamed live on NCUA.gov.
The Cybersecurity and Infrastructure Security Agency and the Federal Bureau of Investigation released a joint Cybersecurity Advisory in response to the ongoing ransomware campaign, known as “ESXiArgs.”
NCUA is hosting a webinar titled “Closing the Wealth Gap: A Conversation on Black Wealth and Increasing Financial Equity” on Thursday, Feb. 23 in recognition of Black History Month, which will begin at 1 p.m. ET.
NCUA and the Government National Mortgage Association will co-host a February 22 webinar, “Ginnie Mae 101.” Registration for this event is open now, and is scheduled to begin at 2 p.m. ET and last approximately 90 minutes. There is no charge
Any discussion of policy remedies to revamp and revitalize access to financial services to underserved communities should include modernizing laws and regulations which prevent credit unions from serving those the banks have left behind, CUNA wrote to a House subcommittee.
CUNA President/CEO Jim Nussle said President Joe Biden’s use of the term "junk fees" during the state of the Union address Tuesday is overly broad and ignores the needs of low-income and middle-income consumers who depend on services to resolve short-term financial difficulties.
Credit Union Magazine’s Spring 2023 issue features the 2023 Credit Union Heroes and examines CUNA-League advocacy priorities, board leadership, the impact of financial well-being efforts, fee-related compliance issues, predictions for the year ahead, and more.