The NCUA Thursday alerted credit unions to “a concerning rise in cyberattacks against credit unions, credit union service organizations (CUSOs), and other third-party vendors suppling financial services products.” The agency noted many of these attacks are directly related to critical vulnerabilities in the MOVEit Transfer web application – a managed file transfer application used throughout the financial sector to securely transfer large volumes of sensitive data between systems.
NAFCU continues to add to its exceptional speaker lineup of lawmakers and regulators for Congressional Caucus, happening Sept. 10-13 in Washington, D.C. The association has added more voices to the industry’s premier advocacy event, including NCUA Chairman Todd Harper, NCUA Vice Chairman Kyle Hauptman, NCUA Board Member Rodney Hood, and Assistant Secretary of Treasury for Financial Services Graham Steele.
NAFCU and other financial services trade groups met with the Small Business Administration’s (SBA) Office of Advocacy to discuss automated valuation models (AVMs) and the CFPB Policy Statement on unfair, deceptive, or abusive acts or practices (UDAAP). The SBA Office of Advocacy regards itself as “the independent voice for small business within the federal government” and collects perspectives on regulations from other agencies.
Oppose Durbin 2.0. Attend and Have an Impact! Help shape CU policies. Meet in person with lawmakers and regulators. Join us at NAFCU’s Congressional Caucus in D.C.
NAFCU Chief Economist and Vice President of Research Curt Long joined Upstart Senior Vice President of Business Development Jeff Keltner for the Leaders in Lending podcast to discuss economic trends and what’s on the horizon.
