Also: NAFCU, FTC discuss data privacy, GLBA safeguards; ECU Monitor reveals CUs' thoughts on subordinated debt



NAFCU TODAY | The News You Need Daily.

February 26, 2020



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NCUA set to begin NAFCU-requested guidance review [ [link removed] ]
The NCUA will conduct a comprehensive review of its guidance letters and legal opinions to determine if they are still needed in today's regulatory climate, NCUA Chairman Rodney Hood announced yesterday. NAFCU has long requested that the agency update outdated guidance, and the association was quick to share its support for the NCUA’s new initiative.


NAFCU talks data privacy, GLBA safeguards with FTC [ [link removed] ]
Yesterday, NAFCU Director of Regulatory Affairs Ann Kossachev, Senior Regulatory Counsel Elizabeth LaBerge, and Regulatory Affairs Counsel Mahlet Makonnen met with the Federal Trade Commission's Bureau of Consumer Protection, Division of Privacy and Identity Protection to discuss data privacy and safeguards under the Gramm-Leach-Bliley Act (GLBA), among other things.


ECU Monitor: CUs considering subordinated debt; CUSI earning index plunges [ [link removed] ]
The February edition of NAFCU's Economic & CU Monitor report – now available for download – found that only 16.7 percent of respondents were more likely to consider purchasing subordinated debt under enhanced disclosure requirements. The NCUA Board moved forward with a proposed rule that would expand credit unions' ability to issue subordinated debt during its January meeting.






America Saves Week: Franklin Mint sets children up for financial success [ [link removed] ]
As part of America Saves Week, NAFCU is highlighting the efforts of member credit unions with strong financial education programs that encourage members to save and strengthen their personal finances. Today, see how Franklin Mint Federal Credit Union (Chadds Ford, Pa.) is preparing younger generations to successfully handle finances.


Today: NAFCU's Schafer, Morris at CFPB event on consumer access to data [ [link removed] ]
NAFCU's Kaley Schafer and Andrew Morris today will be at the CFPB for its fourth symposium in a series focused on addressing issues facing financial institutions and consumers. Today's event will review Section 1033 of the Dodd-Frank Act related to consumer access to financial records.


MDIs, financial inclusion focus of upcoming NCUA events [ [link removed] ]
As the NCUA works to promote diversity, equity, and inclusion (DEI) in the credit union industry, the agency is hosting two upcoming events focused on these issues: A Minority Depository Institution (MDI) Forum March 3-4, and a financial inclusion webinar March 11.



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