WASHINGTON—The Consumer Financial Protection Bureau is finalizing a policy it said is designed to empower consumers to voice publicly their complaints about consumer financial products and services.
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ARLINGTON, Va.—NAFCU has sent a letter to NCUA expressing appreciation for the agency’s participation in the Economic Growth and Regulatory Paperwork Act (EGRPRA) review, but said the bigger issue remains that “the regulatory pendulum post-crisis has swung too far towards an environment of overregulation that threatens to stifle economic growth.”
MINNEAPOLIS—Target has proposed paying customers affected by its 2013 data breach as much as $10,000 in damages.
WASHINGTON—The Federal Trade Commission supports the civil penalty authority outlined in proposed data security legislation, but also wants the definition of consumer information expanded in the bill.
ORLANDO—The National Association of CUSOs (NACUSO) has announced the five finalists for its “Next Big Idea” competition to be held in conjunction with its upcoming annual conference, with the Shark Tank’s Daymond John acting as one of the panelists who will question participants.
VIENNA, Va.—Navy FCU has announced it will spend $114.6-million to expand its headquarters here, including a 233,000-square-foot office building and the addition of 600 more jobs.
ATLANTA—Three states are reporting strong results for the performance of their credit unions.
EVANSVILLE, Ind.—Police here say an alleged credit union robber didn’t plan his escape route very well, resulting in being stopped just 11 minutes after the robbery was reported.
WASHINGTON—The Federal Financial Institutions Examination Council (FFIEC) plans to issue a self-assessment tool this year to assist institutions in evaluating their cybersecurity risk and their risk management capabilities
SOMERSET, Mass.—Pamela Mello has taken over as CEO at Somerset FCU.