CISA launched StopRansomware.gov this month to consolidate federal government resources designed to assist organizations in better protecting themselves against ransomware. The site hosts a collection of resources to help organizations prepare to properly respond to and recover from incidents.

Legislation to provide NCUA flexibility to offer PCA forbearance and make Central Liquidity changes permanent should be made now, rather than in response to future crises, CUNA wrote the Senate Banking, Housing, and Urban Affairs Committee Thursday.

NCUA issued a proposal on a complex credit union leverage ratio (CCULR) at its July 22 board meeting. CUNA supports the option for a CCULR when complying with NCUA’s risk-based capital rule, which was one of two options issued by the agency earlier this year as part of its review of the risk-based capital rule.

The CUNA-supported Expanding Financial Access for Underserved Communities Act would address the epidemic of the unbanked and underbanked in areas without sufficient financial services providers by improving access to credit unions.

It’s as important as ever credit unions execute their 360-degree strategy to ensure credit unions remain in a position to improve their members’ financial well-being and advance the communities they serve, CUNA Chief Advocacy Officer Ryan Donovan wrote in CUInsight this week.

A House Financial Services Subcommittee on Consumer Protection and Financial Institutions hearing on expanding access to the financial system Wednesday will include discussion of the CUNA-backed Expanding Public Access for Underserved Communities Act.

The Cybersecurity and Infrastructure Agency (CISA), along with other federal law enforcement agencies, released an alert (AA21-200B) and analysis on Chinese state-sponsored cyberthreats to federal, state, and local governments, as well as private industry.

CUNA joined organizations Wednesday to express its continued interest in preserving the Department of Defense’s discretionary authority to allow credit unions to use land and space on military bases at a nominal rate to the Senate Armed Services Committee.

NCUA is partnering with the Consumer Financial Protection Bureau and the Federal Trade Commission to raise awareness on important consumer financial protection issues related to servicemembers and their families during a webinar that will take place on July 28, beginning at 2 p.m. ET, as part of Military Consumer Month. 

The Federal Housing Finance Agency Friday announced the elimination of its adverse market refinance fee for loan deliveries, effective Aug. 1. CUNA urged the fee be withdrawn in a letter to acting FHFA Director Sandra Thompson June 30.