News & Insight

Berger on 2014 NAFCU accomplishments

Monday, December 22, 2014

NAFCU President and CEO Dan Berger wrote an editorial for CUJournal about NAFCU's progress in 2014 fighting for regulatory relief for credit unions, pushing for a national data security standard for retailers, and other credit union priorities.

read more

Staples confirms data breach affected 1.2 million cards

Monday, December 22, 2014

On Friday, Staples confirmed more details of a data breach on its point-of-sale systems earlier this year saying that the breach affected about 1.16 million cards at 115 U.S. store locations between July and September.

read more

Editorial: One Year After Target Breach, Consumers Vulnerable as Ever

Monday, December 22, 2014

It is hard to believe that a year has gone by since Target disclosed a massive data breach - and harder still to accept that consumers face a new holiday shopping season without the benefit of national standards on data security and breach notification safeguards for retailers.

read more

Editorial: 2014 - Year of 'Enough Is Enough'

Monday, December 22, 2014

In 2014, "Enough is enough" was NAFCU's rallying cry for the overwhelming regulatory burden on credit unions. NAFCU steadfastly advanced that message from Capitol Hill to the White House and beyond, yielding victories in many areas.

read more

Issues & Regulations

SEE ALL

New, proposed risk-based capital rule expected in January with a 90-day comment period

Capital Reform

After NCUA Board Chairman Debbie Matz announced in September that she intends to request that a revised proposed risk-based capital rule be issued with a new comment period—which NAFCU has been pressing for since last year—she then announced on November 21, 2014 that she will ask the board to consider issuing a new, proposed risk-based capital rule during the Jan. 15 open meeting with a 90-day comment period attached.

read more

Merchants must be held accountable when fraud occurs on their end

Data Security

The time and resources it takes to notify members, reissue cards, and make members whole in instances of fraud is overwhelming. Federal standards must exist for merchants on the safekeeping of financial and personal information, as well as data breach notification.

read more