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NAFCU President and CEO Dan Berger on Tuesday urged congressional leaders to create a bipartisan-bicameral working group to develop legislative responses to retailer data security breaches, which continue to multiply in the absence of any national data security standards for retailers.
NAFCU has learned that NCUA Board Chairman Debbie Matz has written 348 House and Senate members to let them know of plans – long sought by NAFCU – to issue a second proposal for comment on risk-based capital.
NAFCU's Compliance Blog takes a closer look today at the Defense Department's proposal to expand the Military Lending Act rule's 36 percent rate cap to more credit products.
I read a recent article on Inc.com that discussed the four seasons of leadership. I like the analogy it gave: A farmer planted 40 acres of corn; when it came time for the harvest, he knew what his crop was going to yield – corn. The point of the story: you reap what you sow. The same rule can be perfectly applied to leadership.
The human factor is very important in any social media strategy. Who should participate and how much of their time will it take are often the first questions that are asked. One of the best things about the social marketing channel is that it usually doesn't require a heavy lift -- especially when more than one staff person is participating.
NCUA said a second proposal on risk-based capital – which NAFCU has been pressing for over the past year – could be issued for comment before the end of this year. The amended proposal will include a longer implementation period and revised risk weights for mortgages, investments, member business loans, credit union service organizations and corporate credit unions, among other changes.
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.