Credit Union Industry Happenings

Data Security in the Modern World-FSOC article (link)

Posted by on Feb 14th, 2018 in industry news | Comments Off on Data Security in the Modern World-FSOC article (link)

Data Security in the Modern World-FSOC article (link)

FSOC: Data Security in the Modern World- WASHINGTON – The Subcommittee on Financial Institutions and Consumer Credit held a hearing today to examine the current data security and breach notification regulatory regime, and identify potential opportunities to reform the current framework in order to reduce vulnerabilities and shortcomings in the system and better protect consumers. As reliance on technology increases, so do data breaches and increased risk to consumers and businesses in all sectors of the economy. Due in part to a patchwork of...

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CFPB issues Request for Information on Supervision Process

Posted by on Feb 14th, 2018 in industry news | Comments Off on CFPB issues Request for Information on Supervision Process

CFPB issues Request for Information on Supervision Process

CONSUMER FINANCIAL PROTECTION BUREAU ISSUES REQUEST FOR INFORMATION ON SUPERVISION PROCESSES WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today issued a Request for Information (RFI) about the Bureau’s supervision processes. The Bureau is seeking comments and information from interested parties to assist in assessing the overall efficiency and effectiveness of its supervision program and whether any changes to the program would be appropriate. This is the fourth in a series of RFIs announced as part of Acting Director...

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