NAFCU launches CU effort on reg relief, data security, RBC

With the House and Senate at home for a two week district work period, NAFCU is launching a grassroots effort to encourage credit unions to set up meetings with their representatives and senators and talk about issues critical to the industry.

In an email to members yesterday, NAFCU Vice President of Legislative Affairs Brad Thaler encouraged credit unions to contact their legislators to discuss data security, regulatory relief and the NCUA’s risk-based capital (RBC) rule.

Here is additional information about NAFCU’s position on the issues:

• Data Security: NAFCU continues to push for Congress to pass a strong national data security standard for retailers that would hold them to the same standards credit unions already follow under the Gramm-Leach-Bliley Act (GLBA). The association has been active on Capitol Hill as Reps. Blaine Luetkemeyer, R-Mo., and Carolyn Maloney, D-N.Y., work to introduce legislation that would create a national standard.

 

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