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Fried Frank Harris Shriver & Jacobson LLP | USA | 24 Mar 2023
NCUA Identifies Priorities for 2023
In its annual report, the National Credit Union Association ("NCUA") identified priorities for 2023 and reviewed agency activities from 2022. The…
Bradley Arant Boult Cummings LLP | USA | 10 Mar 2023
You Have 72 Hours: NCUA Finalizes New Cybersecurity Incident Reporting Rule for Federally Insured Credit Unions
Federally insured credit unions are now required to report a cyber incident to the National Credit Union Administration (NCUA) Board within 72 hours…
Hunton Andrews Kurth LLP | USA | 7 Mar 2023
NCUA Board Approves Cyber Incident Reporting Requirement for Credit Unions
On February 16, 2023, the National Credit Union Administration (“NCUA”) Board unanimously approved a final rule requiring Federally insured credit…
Lexology PRO | USA | 3 Mar 2023
US data privacy: key federal and state updates (18 Feb – 3 March)
The OCR creates new divisions to cope with HIPAA compliance review, the FTC launches its Office of Technology, and NIST is set to update its Cybersecurity Framework – plus other key updates.
Fried Frank Harris Shriver & Jacobson LLP | USA | 28 Feb 2023
NCUA Proposes Liberalizing Membership Rules to Assist Underserved Communities
The National Credit Union Administration ("NCUA") Board proposed amendments to its chartering and field of membership ("FOM") rules with the goal of…
Davis Wright Tremaine LLP | USA | 27 Feb 2023
NCUA Approves 72-Hour Cyber Incident Reporting Requirement for Credit Unions
The National Credit Union Administration (NCUA) has approved a final rule requiring Federally chartered and Federally insured credit unions to notify…
Orrick, Herrington & Sutcliffe LLP | USA | 22 Feb 2023
NCUA approves final cyber incident reporting rule
On February 16, the NCUA approved a final rule that requires federally-insured credit unions (FICUs) to notify the agency as soon as possible (and no…
Fried Frank Harris Shriver & Jacobson LLP | USA | 17 Feb 2023
NCUA Adopts Rule to Require Reporting of Cyber Incidents
The National Credit Union Administration ("NCUA") adopted a final rule requiring federally insured credit unions ("FICUs") to report certain cyber…
Fried Frank Harris Shriver & Jacobson LLP | USA | 7 Feb 2023
NCUA Issues Guidance on Expansion of Permissible CUSO Activities
The National Credit Union Administration ("NCUA") issued guidance on the credit, strategic, compliance and reputational risks to federal credit unions…
Orrick, Herrington & Sutcliffe LLP | USA | 31 Jan 2023
NCUA will maintain loan interest rate ceiling at 18%
On January 27, the NCUA board unanimously voted to maintain the current temporary 18 percent interest rate ceiling for loans made by federal credit…
