Also: Jury selection begins in second RDC suit; Compliance Blog highlights CFPB literacy report



NAFCU TODAY | The News You Need Daily.

January 7, 2020



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NAFCU launches 2020 priorities to support CU growth [ [link removed] ]
As Congress returns to Washington, NAFCU has launched its 2020 legislative and regulatory priorities to ensure credit unions operate in an environment in which they can thrive. Throughout the week, NAFCU's award-winning advocacy team will be on Capitol Hill sharing the priorities with lawmakers to keep credit union issues top of mind.


Court begins jury selection in 2nd USAA RDC suit [ [link removed] ]
Jury selection for USAA's second lawsuit against Wells Fargo related to remote deposit capture (RDC) technology began Monday. Late last year, a jury in Texas determined that Wells Fargo had intentionally infringed on USAA's mobile RDC patents, resulting in $200 million in damages to be paid by Wells Fargo to USAA and a myriad of unresolved legal questions.


Latest Compliance Blog details CFPB's Financial Literacy Report [ [link removed] ]
In a new Compliance Blog post, NAFCU Regulatory Compliance Counsel David Park outlines the Financial Literacy Annual Report for fiscal year 2019 released by the CFPB late last month. NAFCU works closely with credit unions, lawmakers and regulators to promote financial literacy and ensure credit unions' members can reach their financial goals.






CUs: Share perspective on data privacy, RDC [ [link removed] ]
There are a number of regulatory hot topics facing credit unions – from the new California state privacy law to remote deposit capture (RDC) litigation threats and more – and NAFCU would like member feedback on how institutions are addressing these issues.



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