News & Insight

NAFCU welcomes Obama's cyber directive, recommends more

Wednesday, July 27, 2016

NAFCU President and CEO Dan Berger thanked President Barack Obama Tuesday for his new policy directive focused on cybersecurity but said more needs to be done, including implementation of national data security standards for merchants that handle consumers' personal information.

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Pawnbrokers sue DoD over MLA rule

Wednesday, July 27, 2016

The National Pawnbrokers Association is suing the Department of Defense over its Military Lending Act rule changes, asserting, among other things, that the DoD violated the Regulatory Flexibility Act by failing to consider the costs of compliance for small businesses.

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NAFCU Compliance Blog Post: From Community Hero to $18.6 Million Credit Union Embezzler

Wednesday, July 27, 2016

The importance of internal controls to a credit union is illustrated by this disquieting case. A credit union’s size and complexity is not representative of the severity of the potential risk if the wrong staff member gains access to critical controls.

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TFCU Article: Navigating Through Life - NAFCU's New Chair Weighs in on CU Membership Value

Wednesday, July 27, 2016

Richard L. Harris celebrates his 30th anniversary at Caltech Employees Federal Credit Union this July, having served as the credit union’s president and CEO since 1986. This summer also marks the beginning of a new chapter in Harris’experience with the credit union industry as he begins his term as chair of the NAFCU Board of Directors.

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Issues & Regulations

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New NAFCU FFIEC Cybersecurity Assessment Tool Workbook

Cybersecurity Compliance

An editable, self-tallying file that allows credit unions to self-test cyber risk and readiness in a shareable format with a visual result (member-only).

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Military Lending Act Compliance Resources

Compliance Deadline: October 3, 2016

Find credit union resources for MLA compliance implementation, including compliance guide, final rule summary, insightful blog posts, articles and webcasts, to help you get up-to-speed before the deadline later this year.

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