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NAFCU's Regulatory Affairs team reviewed a number of data privacy efforts, including the California Consumer Protection Act (CCPA), during a Regulatory Committee meeting Tuesday. In addition, the team tomorrow is offering a webinar to update credit unions on the current expected credit loss (CECL) standard, housing finance reform, and more.

Register now for tomorrow's webinar, which is free for members and slated to begin at 2 p.m. Eastern. In addition to CECL and housing finance reform, it will cover:

• the NCUA's latest efforts to modernize credit unions' capital framework;
• potential changes to the CFPB's qualified mortgage definition and expiration of the government-sponsored enterprise patch, and how they would impact credit unions; and
• recently-proposed innovation policies from the CFPB.

During yesterday's committee meeting, NAFCU staff gave an update on federal- and state-level efforts to establish consumer data privacy standards. A number of congressional hearings have reviewed the issue as lawmakers consider national data security and privacy laws; NAFCU has urged Congress to create uniform standards to prevent confusion stemming from a patchwork of different state laws.

Committee members also received insights into proposed rulemakings currently open for comment from regulators, including the NCUA and CFPB, and shared their feedback on how credit unions might be impacted. Learn more about recently-proposed regulations through NAFCU's Regulatory Alerts.