CFPB issues AO on protection of consumer privacy under the FCRA

The CFPB Thursday issued an advisory opinion (AO) to ensure that credit reporting agencies (CRAs) and furnishers that use and share credit and background reports have a “permissible purpose” under the Fair Credit Report Act (FCRA) to protect consumer privacy. Of note, this change does not impose new requirements on credit unions but reiterates existing requirements under the FCRA.

HFSC announces July schedule

House Financial Services Committee Chairwoman Maxine Waters, D-Calif., has announced the committee’s July schedule. NAFCU will monitor several hearings, specifically on oversight of the Federal Housing Finance Agency, as well as the committee’s markup at the end of the month. 

5 things to know this week

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 top need-to-know updates and resources.

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