NAFCU's
2019 resources keep CU industry growing
In addition to advancing credit
union issues on Capitol Hill in 2019, NAFCU produced forward-thinking resources
to connect the industry and decision makers on trends and developments impacting
operations, including outlining industry priorities and changing environments
related to data privacy, marijuana banking, fintech, and more.
850
Wawa locations affected by malware
Last week, convenience store chain
Wawa announced that more than 850 of its stores had been impacted by malware that
exposed customers' debit and credit card information since March. It has
not released how many consumers may have been affected.
Higher-priced
mortgages, Regs Z, M exemption thresholds increase in next week
CFPB
and the Federal Reserve have issued joint final rules to increase exemption thresholds
for appraisals for higher-priced mortgage loans and Regulations Z and M in 2020.
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NCUA
further details alternative data use
The NCUA last week issued a Letter
to Credit Unions further detailing a joint statement – released earlier this
month – from federal financial regulators on the use of alternative data in
credit underwriting, including consumer protection implications and potential benefits and risks.
