News & Insight

EMV, security in view today at Mobile Payments Day

Tuesday, September 30, 2014

NAFCU is participating in the 2014 Mobile Payments Day today in Washington, where mobile payment companies, retailers and federal regulators will discuss security, consumer experience, EMV migration and other issues relating to the mobile payments industry.

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Economic & CU Monitor survey deadline today

Tuesday, September 30, 2014

Today is the deadline for NAFCU members to submit responses to the association's current Economic & CU Monitor survey, which asks about members' experience with data security breaches and what precautions they have taken.

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TFCU Article: Managing Your Virtual Branch

Tuesday, September 30, 2014

Sundeep Kapur, digital strategist with NAFCU Services Preferred Partner Allied Solutions, works closely with credit unions to help them better engage with members through technology.

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NAFCU Compliance Blog Post: Recent Fair Housing Act Enforcement

Tuesday, September 30, 2014

While it is easy to get caught up tracking new regulations like next year's TILA/RESPA integrated disclosures deadline, sometimes we are reminded that the "oldies but goodies" still need to be on our radar. Earlier this month, New York's Attorney General filed an action against Evans Bankcorp "for unlawful discrimination on the basis of race in violation of the Fair Housing Act."

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Issues & Regulations

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A revised proposed risk-based capital rule is expected to be issued for comment

Capital Reform

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.

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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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