NAFCU
launches 2020 priorities to support CU growth
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
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
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.
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CUs:
Share perspective on data privacy, RDC
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.