Learn more about Member Benefits
Credit unions should have access to the latest technology to provide members the products and services that they expect in today's digital economy.
Credit unions need to have access to the latest technology to ensure their ability to provide important services to members. Regulations and other requirements need to be appropriate for the size and sophistication of a credit unions operations.
CUNA continues to work with the House on data breach legislation. A CUNA member testified at a House Financial Services Committee hearing on the impact of data breach in 2018 and CUNA staff has briefed members of the HFSC about the harm to credit union from data breach.
Advocacy Issue
Sheltered Harbor is voluntary initiative developed by financial institutions, to provide continuity for credit union members in the event of a natural disaster or cyber-attack.
With the rapid changes in technology, credit unions and their members rely on payments being processed safely and in real time.
Regulators are focused on ensuring that the financial services industry is prepared for cyber-attacks. These ever-changing threats and requirements to respond to these threats impact all credit unions.
Major merchant data breaches expose credit unions to significant monetary costs and reputational risk.
The Durbin Amendment was part of the Dodd-Frank Act. The Durbin Amendment required the Federal Reserve Board to promulgate rules that impose price controls on PIN/debit transactions.