News & Insight

Fazio answers questions in RBC2 in webcast

Monday, January 26, 2015

NCUA Examination and Insurance Director Larry Fazio on Friday answered questions from NAFCU staff on the agency's revised risk-based capital proposal, or RBC2, in a NAFCU webcast moderated by Senior Vice President of Government Affairs and General Counsel Carrie Hunt.

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NAFCU, others ask Congress for national data security standards

Monday, January 26, 2015

NAFCU, with other financial trade organizations, wrote members of Congress Friday to provide their perspective on what should be included in a legislative approach to data security and to reiterate the strict data protection and notification standards already in place for financial institutions.

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NAFCU Compliance Blog Post: Just How Costly Will RBC2 Really Be?!?

Monday, January 26, 2015

As we blogged about last Friday, the NCUA Board issued a revised RBC proposal, or RBC2, during its January 15th opening Board meeting. The proposed rule would amend Part 702 of NCUA’s capital adequacy regulations toestablish RBC requirements for “complex” federally insured credit unions.

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TFCU Management Insight Article: Apple Pay! Now What?

Monday, January 26, 2015

While new iPhones and a smartwatch stole the show at Apple's September event, it was Apple Pay — a foray into mobile near-field-communication(NFC) tokenized payments at the point of sale — that should command credit unions’ close attention.

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Issues & Regulations

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VIDEO UPDATE: New, proposed risk-based capital rule released by NCUA

Capital Reform

On January 15, 2015, the NCUA Board issued a second proposed rule regarding risk-based capital for credit unions that amends their first risk-based capital proposal issued nearly a year prior. NAFCU SVP of Government Affairs and General Counsel Carrie Hunt gives an update on the new proposal.

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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.

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