Also: CFPB reiterates that nonbank fintechs maintain adequate data security safeguards

August 12, 2022

NAFCU staff gather to strategize on culture, CU advocacy, compliance, and education efforts ([link removed] )

NAFCU’s 75 employees gathered in-person for a two-day event where the leadership team and staff conducted strategy sessions on how to best serve credit unions and their 131 million members with the industry’s best advocacy, compliance assistance, and education opportunities.

CFPB reaffirms that nonbank fintechs must maintain adequate data security safeguards ([link removed] )

The CFPB reaffirmed in a circular on Thursday that nonbank entities may violate the Consumer Financial Protection Act’s (CFPA) prohibition on unfair, deceptive, or abusive acts and practices (UDAAP) if they fail to maintain adequate data security safeguards.

FTC issues ANPR to ‘crack down’ on harmful commercial surveillance and data security practices ([link removed] )

The Federal Trade Commission (FTC) on Thursday announced that it would begin soliciting public feedback through an advance notice of proposed rulemaking (ANPR), in an effort to mitigate harmful commercial surveillance and relaxed data security practices. The FTC defines commercial surveillance as “the business of collecting, analyzing, and profiting from information about people,” calling attention to the increased risks of data breaches, deceptions, and other harms it has caused consumers.

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Advocate for your members on Capitol Hill. Have an impact on averting top political risks to your CU ([link removed] ) . Attend NAFCU’s Congressional Caucus this September!

View Agenda ([link removed] )

CFPB interpretive rule labels digital marketers as service providers under CFPA ([link removed] )

The CFPB issued an interpretive rule on Wednesday to clarify that certain digital marketing advertisers will be regarded as service providers under the Consumer Financial Protection Act (CFPA) and will be subject to the law’s conditions, including the CFPB’s unfair, deceptive, or abusive acts or practices (UDAAP) authority.

5 things to know this week ([link removed] )

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.

Lending22_Skyscraper2 ([link removed] )

NAFCU CALENDAR ([link removed] )

AUG

16 - 18
Virtual Risk Management Seminar ([link removed] )

A Virtual Event

AUG

18
Federal Reserve - Regulation Implementing the Adjustable Interest Rate (LIBOR) Act ([link removed] )

Comments Due to NAFCU

AUG

18
Credit Union Testimonial: How BCU is Accelerating Transformation & Expanding Financial Wellness with AI ([link removed] )

Complimentary Webinar

AUG

23
Managing Climate Change Risk Within the ERM Program ([link removed] )

Webinar

VendorDirectoryAd_Consulting ([link removed] )

NAFCU Regulatory Compliance & BSA Seminar ([link removed] )

Recertify your NCCO or NCBSO while giving yourself the power to confidently tackle evolving regulatory trends. View agenda ([link removed] ) .

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National Association of Federally-Insured Credit Unions. 3138 10th St N Arlington, Virginia 22201

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