Proposed Risk-Based Capital Rule Has One-Year Delay

Ninety percent of federally insured credit unions would be exempt from the NCUA’s risk-based capital rule, and covered credit unions would have an additional year to prepare, under a proposed supplemental rule (Part 702) approved by the Board. “The proposed changes to the risk-based capital rule, reached through a collaborative and bi-partisan process, if finalized, […]

Financial trades join to fight data breach

 Major merchant data breaches continue to put millions of consumers at risk. Credit Union National Association (CUNA) is joining with a coalition of financial trade associations to push for legislation that requires stronger data security standards for retailers. In a joint letter with the American Bankers Association (ABA), Consumer Bankers Association (CBA) and Independent Community Bankers of America (ICBA), CUNA urges Rep. Bob Latta (R-Ohio), chair of the House Energy and Commerce Subcommittee on […]

Financial trades ban together on data breach

Major merchant data breaches continue to put millions of consumers at risk. Credit Union National Association (CUNA) is joining with a coalition of financial trade associations to push for legislation that requires stronger data security standards for retailers. In a joint letter with the American Bankers Association (ABA), Consumer Bankers Association (CBA) and Independent Community Bankers of America (ICBA), CUNA urges Rep. Bob Latta (R-Ohio), chair of the House Energy and Commerce Subcommittee on […]

Kraninger confirmation hearing set for Thursday

Kathy Kraninger’s confirmation hearing to become the next head of the CFPB is on Thursday, according to sources close to the LSCU. In June, Trump announced plans to nominate Kraninger to replace acting director Mick Mulvaney. She is currently the associate director for general government programs at the Office of Management and Budget, where she […]

Treasury Dept. endorses data breach standard

A Fintech White Paper released Tuesday morning by the U.S. Dept of  the Treasury includes an endorsement of a national data breach notification standard and other measures to help “smaller institutions” improve cyberprotections. This gives credit unions and smaller financial organizations a more prominent ally in their corner. Read more here in  this fact sheet.

Integrated GRC strategy benefits CUs

The three seemingly disparate procedures of Governance, Risk Management, and Compliance can be handled far more efficiently when your credit union stops viewing them separately. By creating an integrated GRC strategy, your credit union can: Create a more positive company culture Increase efficiencies and strategic performance Break down departmental barriers Reduce costs Eliminate redundancy To […]