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2014 GAC: DATA SECURITY, TAX REFORM
updated 02/11/14 10:30 AM
League Expert Preps Attendees
At the end of February, credit union advocates from across the nation will converge in Washington, D.C. for the Credit Union National Association’s 2014 Governmental Affairs Conference (GAC).

With the recent breakthrough in Congress regarding the nation’s budget and other agenda items, could legislation impacting credit unions be addressed in 2014?

“Following the Target and Neiman-Marcus data breaches, there certainly will be a lot of discussion, as four different bills have been introduced addressing data theft,” said Jeremy Empol, vice president of federal government affairs for the California and Nevada Credit Union Leagues. “Combine data security with the possibility of tax reform, the wind down of Government Sponsored Enterprises Fannie Mae and Freddy Mac, plus charter enhancements such as raising the member business lending cap and parity for attorney trust accounts, and yes, there’s a chance something will be completed by the end of this year.”

Empol added: “At this year’s GAC, California and Nevada will be focused on holding merchants accountable for data breaches, preserving the credit union tax status, and pushing forward on charter enhancements. Our Congressional visits will be limited in time, so our messages will have to be concise—especially with so many points to cover.”

All of these topics will be addressed during the Leagues’ Legislative Briefing, which will be held on Feb. 24 at 1pm, in Room 140 of the Washington Convention Center.

In the meantime, please contact Jeremy Empol for questions about the GAC.

 
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CHAPTER FORUM, RECEPTION ENGAGES CUs updated 10/27/14 06:55 PM
Networking and Awards after 'REACH'
Credit union chapter members from across California and Nevada gathered Oct. 23 at the JW Marriott (L.A. Live) in downtown Los Angeles to attend the 2014 Chapter Forum, which offered a full day of valuable networking and educational sessions for attendees who were eager to share individual stories about the work their chapters are accomplishing.

NEEN JAMES CHALLENGES CUs AT 'REACH' updated 10/27/14 04:17 PM
'Time is the New Currency'
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CFPB, FTC HOST DEBT COLLECTION FORUM updated 10/27/14 03:31 PM
Latino Consumers Discussed
The Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB) recently hosted an all-day forum on “Debt Collection and the Latino Community,” which brought together consumer advocates, industry professionals, and regulators to discuss how debt collection issues affect Latino consumers, especially those with limited English proficiency (LEP).

FinCEN: QUARTERLY UPDATE ON 'SARs' updated 10/27/14 03:09 PM
Also, Mortgage Service Transfer Guidance
The Financial Crimes Enforcement Network (FinCEN) has issued its SAR Stats quarterly update, which provides information on Suspicious Activity Reports (SARs) filed through Sept. 30, 2014.