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News Now

Washington
Cybersecurity Update Featured in This Week's Regulatory Advocacy Report
WASHINGTON (10/29/13)--The Credit Union National Association continues to coordinate on cybersecurity regulatory and legislative issues, and in this week's Regulatory Advocacy Report, CUNA updates readers on the latest happenings at the National Institute for Standards and Technology (NIST).

The NIST last week requested public comment on the preliminary version of its cybersecurity framework. The framework implements parts of President Barack Obama's executive order on "critical infrastructure" cybersecurity, and incorporates some changes suggested in earlier feedback from CUNA to the agency. CUNA in April submitted a comment letter on an earlier version of the NIST framework, and also met with the Financial Services Sector Coordinating Council for Critical Infrastructure (FSSCC) and NIST last summer.

The NIST plans to finalize the framework by February.

CUNA will provide a regulatory comment call shortly to summarize the framework and to seek feedback from credit unions.

This week's edition of the Report also features:
  • Details on CUNA discussions with key White House and Treasury personnel;
  • A request for comment from credit unions that plan to stop offering remittance transfers;
  • News on Consumers Financial Protection Bureau actions to curb illegal kickbacks that violate the Real Estate Settlement Procedures Act; and
  • Information on Federal Housing Administration loan limits.
A resource chart with information on current CUNA comment calls is also provided in the Report.

For this week's Regulatory Advocacy Report, CUNA members can use the resource link.
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