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.
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.
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 avertingtop political risks to your CU. Attend NAFCU’s Congressional Caucus this September!
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.
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.
