5
things CU leaders need to know
NAFCU's widely-read NAFCU Today
is credit union leaders' go-to source for the latest on issues impacting
the credit union industry. For those short on time, here's a roundup of this week's need-to-know news bits.
Compliance
Blog tackles CCPA requirements for CUs
NAFCU Senior Regulatory Compliance
Counsel Elizabeth LaBerge details the requirements and proposed regulations of
the California Consumer Privacy Act (CCPA) in a new post on the Compliance Blog.
The CCPA, which was enacted in 2018, is set to take effect Jan. 1, 2020.
FFIEC
updates Business Continuity Management booklet
The Federal Financial
Institutions Examination Council (FFIEC) – which is comprised of five banking
regulators, including the NCUA and CFPB, and state regulator representatives –
Wednesday released an updated Business Continuity Management booklet focused on
business-wide approaches to ensure operations are not disrupted or can easily recover after a disaster.
2019 NAFCU
Accomplishments
We are proud to serve over 51% of the industry's
assets! Thanks for joining us in our journey of growth. See more of what we achieved
together this year.
CFPB
outlines plan for small biz data collection rule
The CFPB is seeking
summary judgment in a lawsuit brought against it for allegedly violating the Administrative
Procedures Act (APA). The California Reinvestment Coalition, National Association
for Latino Community Asset Builders, and two individual small business owners
claim the bureau has violated the law by not issuing regulations to implement
Section 1071 of the Dodd-Frank Act, which is related to small business lending data collection.