top credit union regulatory priorities in 2016 nafcu dan bergerLast year, we made notable progress on legislative and regulatory issues important to credit unions, but we don’t plan to rest on our laurels. NAFCU is working to further advance our 2016 top priorities. Here are three issues we are working on this year.

Establishing National Data Security Standards for Retailers

Last year, the Cybersecurity Information Sharing Act, a NAFCU-supported bill that would encourage faster sharing of cyber-threat information among the business and government sectors, was signed into law by President Obama as part of the year-end omnibus package. Recently, the president also introduced the Cybersecurity National Action Plan as part of his 2017 budget.

However, more needs to be done to protect consumers from cyberattacks. Despite Target’s huge data breach in December 2013 and the tidal wave of retail data breaches since, we still have no national data security standards for retailers. According to the Identity Theft Resource Center, the number of U.S. data breaches in 2015 totaled 781, the second-highest year on record since the group began tracking breaches in 2005.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.