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Is CFPB info collection a threat to data security?

CUNA News Now Headlines 2/11/2014 - Provided as a courtesy and valuable service of the Credit Union National Association

CUNA warns CFPB data collection could increase consumer exposure to ID theft

Consumer Financial Protection Bureau data collection practices could increase the risk of identity theft and fraud for consumers, CUNA has warned. More

ACI's Pociask warns of peril in banks' call for CU taxation in Hill blog post

State lawmakers should not heed bank calls to eliminate the nonprofit status of credit unions, American Consumer Institute Center for Citizen Research President Steve Pociask said in a blog post published in The Hill this week. More

Mich. league to CFPB: Regulate retailers to protect consumer data

The Michigan Credit Union League has sent a letter to the Consumer Financial Protection Bureau urging the agency to begin regulating retailers in the wake of recent data breaches, including incidents at retail giants Target and Nieman-Marcus. More

CFPB restructure bill 'a step in right direction,' CUNA says

A bill that would change the Consumer Financial Protection Bureau leadership structure and make some operational changes is a step in the right direction, CUNA said in a Monday letter to Congress. More

Scorecard: Wis. CU members saved $103M in '13, $1B since '07

Credit union members in Wisconsin saved more than $103 million in 2013 and $1 billion since 2007, according to the 2013-2014 Wisconsin Credit Union Scorecard, released Monday by the Wisconsin Credit Union League. More

Gov. declares 'CU Day' while R.I. CUs visit legislature

Rhode Island Governor Lincoln Chafee (I) declared last Friday Credit Union Day in the state. More

FASB excludes CUs from ' public business entity' definition

The Financial Accounting Standards Board recently issued a final standard that defines the term "public business entity," and it excluded credit unions from that definition. That is notable for credit unions because the definition will be used by FASB and its Private Company Council to specify the scope of future accounting guidance. More

Fed Chair Yellen set for first report to Congress

This week, new Federal Reserve Chair Janet Yellen will report on monetary policy and the state of the U.S. economy for the first time since taking on board leadership early this month. More

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