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Lawmaker says confusion surrounds cost burden of breaches

CUNA News Now Headlines 03/28/2014 - Provided as a courtesy and valuable service of the Credit Union National Association

Senator calls for 'clarification' on where data breach risk falls

Sen. Claire McCaskill (D-Mo.) said at a hearing on the Target data breach Wednesday that there just might be a lot of public confusion about where "losses fall and where costs are absorbed" in such breaches. More

'Patent trolls' in the crosshairs at state, federal levels

"Patent trolls," those who manipulate the patent system for their own gain, continue to be in the legislative crosshairs on both the state and federal levels, as CUNA and state credit union leagues work to protect credit unions from their menacing practices. More

Data security laws need state attention too, says Calif. league

California credit union leaders are looking to apply pressure on state lawmakers to ratchet up security standards for merchants in safeguarding consumer financial information. More

Waters enters bill into housing finance reform debate

Entering the policy discussions involving changes to the country's existing housing finance system, Rep. Maxine Waters (D-Calif.) this week introduced legislation that would create a cooperative group of mortgage lenders to back home loans. More

World Council comments on risk-based AML/CFT compliance

The World Council of Credit Unions recommended ways the Financial Action Task Force could limit regulatory burdens on credit unions as part of revisions to its guidance for financial institutions on the risk-based compliance approach to anti-money laundering and countering the financing of terrorism. More

SEFCU part of N.Y. bridge loan program for women, minorities

SEFCU is one of five lenders--and the only credit union--participating in a statewide program that aims to expand access to short-term bridge loans for minority- and women-owned businesses in New York. More

Fla. wraps up state GAC with official visits

The Florida Credit Union Association Governmental Affairs Conference, held Tuesday and Wednesday, featured interaction with lawmakers, regulators, the media and award presentations. More

N.Y. state lawmakers stress importance of face-to-face visits

Opportunities for one-on-one time with lawmakers can be few and far between. That's why New York state legislators are encouraging credit union leaders to come to Albany April 28-30 for the Credit Union Association of New York's State Governmental Affairs Conference. More

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CUNA to take on the future of payments in Las Vegas this spring

Big Data, Bitcoin, Mobile Payments - what does it all mean, where is it going and how can you stay one step ahead? Meet with top providers and more than 20 of the largest credit unions in the nation at CUNA Payments Roundtable, May 5-6, 2014 in Las Vegas, for discussions to explore the implications for the new era of payments systems and shape our industry’s approach to payments as a whole.

Discussion topics will include:

  • The State of Technology & Payments
  • The Rapidly Evolving Mobile Payment Landscape
  • Bitcoin: What it is and Why it’s Gaining Interest
  • Setting a Direction for Your Payments Strategy
  • And more

Know where you stand in the new payments arena. Register today.


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