Also: Berger calls on FFIEC to lead on data privacy guidance; Ex-Wells Fargo CEO banned, FICO score changes, more to know this week
NAFCU TODAY | The News You Need Daily.
January 24, 2020
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NCUA proposes expanding CUs' use of subordinated debt [ [link removed] ]
The NCUA Board Thursday unanimously approved four items during its meeting: A proposed rule that would expand credit unions' ability to issue subordinated debt; a proposed rule to clarify requirements for credit unions seeking to assume liabilities, merge or consolidate with other financial institutions; the extension of the 18 percent loan interest rate ceiling to Sept. 2021; and the agency's 2020 Annual Performance Plan.
Berger asks Kraninger for FFIEC to lead on data privacy guidance [ [link removed] ]
NAFCU President and CEO Dan Berger, in a letter Thursday, asked CFPB Director and Federal Financial Institutions Examination Council (FFIEC) Chair Kathy Kraninger to provide interagency guidance related to the Gramm-Leach-Bliley Act (GLBA) to help credit unions and other financial institutions comply with data privacy laws.
5 things CU leaders need to know [ [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 need-to-know news bits.
NAFCU's 2020 Advocacy Priorities. Because to us, it's personal. Read Advocacy Priorities [link removed]
ECU Monitor: CUs affected by privacy laws, compliance cost [ [link removed] ]
The January edition of NAFCU's Economic & CU Monitor report – now available for download – found over half of survey respondents have been affected by the implementation of the California Consumer Privacy Act (CCPA), with 20 percent indicating that they were also affected by the European General Data Protection Regulation (GDPR). The CCPA went into effect Jan. 1.
NCUA's Fazio, Jones promoted to new positions [ [link removed] ]
Following Thursday's meeting, NCUA Board Chairman Rodney Hood announced several changes to the agency's leadership.
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