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Gramm-Leach-Bliley Act

Comment Letters due August 10 for CFPB Proposed Annual Privacy Notification Requirement

Jul
18
Comment Letters due August 10 for CFPB Proposed Annual Privacy Notification Requirement

The annual privacy notice requirement was lifted by Congress in December 2015, when the issue was included in the Fixing America’s Surface Transportation (FAST) Act. Missouri U.S. Congressman Blaine Luetkemeyer (R-District 3) sponsored the privacy notice legislation, and credit unions strongly supported the effort. The bill took effect upon signing, which means annual privacy notices are no longer required UNLESS there is a change in policy. This will save financial institutions unnecessary compliance costs.

Posted By Susan Dyer read more

NCUA Risk Alert on DDoS Attacks

Feb
25
NCUA Risk Alert on DDoS Attacks

The National Credit Union Administration (NCUA) has released a new credit union risk alert (13-Risk-01), which identifies appropriate policies and procedures to guard against distributed denial-of-service (DDoS) attacks.  To mitigate effects from DDoS attacks, NCUA recommends that credit unions:

Posted By Sharon Bahr read more
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