November 5, 2013
Tuesday Edition
Madeleine Albright announced as 2014 GAC guest

Madeleine Albright, one of the highest ranking women in U.S. government history, is the first speaker booked for CUNA's 2014 GAC, Feb. 23 - 27 in Washington, D.C. Dr. Albright is one of the highest profile speakers ever hosted by the event and will present the keynote address at this year's CUNA GAC.

"Albright has made countless contributions to the nation's international presence as secretary of state and in her other roles. Her remarkable story and experience will make an impact on the GAC stage," CUNA President/CEO Bill Cheney said. "It's a tremendous honor to welcome Dr. Albright to this year's GAC speaker lineup," he added.

Albright currently chairs Albright Stonebridge Group and Albright Capital Management LLC. She is a professor in the practice of diplomacy at the Georgetown University School of Foreign Service. Her storied career includes:

  • Serving as U.S. Secretary of State and as a cabinet member under President Bill Clinton
  • Serving as the U.S. Permanent Representative to the United Nations
  • Receiving the U.S. Medal of Freedom, the nation's highest civilian honor, from President Barack Obama
  • Authoring five New York Times best-sellers, including her most recent book, Prague Winter: A Personal Story of Remembrance and War, 1937-1948

Register today for the CUNA GAC and also reserve a room before the LSCU & Affiliates room block fills up.

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Washington wire

Privacy notification
Last Tuesday, CUNA joined other trades in a letter to Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell urging them to bring up S.635 the Privacy Notice Modernization Act. This bill would provide relief to credit unions who are currently expected to send annual privacy notifications to members. The bill is expected to come to the floor very soon and will likely pass the Senate and be sent back to the House where it is also expected to pass as a similar bill was passed by that chamber earlier this year.

Regulatory relief legislation
CUNA submitted a statement for the record of last week’s CFPB reform hearing in the House Financial Institutions Subcommittee, highlighting credit union’s position on a number of issues including: CFPB’s structure and rule making authority, personal privacy concerns generated by the bureau, and extending deadlines for implementing mortgage lending rules.  

Housing Finance Reform Testimony
Bill Hampel will testify on behalf of CUNA today in the Senate Banking Committee. The hearing will focus on small lender access to the secondary mortgage market and is another in a series of weekly hearings the Banking Committee has held on this issue since September. 

CUNA's testimony will focus on the key components of housing finance reform legislation from the perspective of the credit union system, using S. 1217, the Housing Finance Reform and Taxpayer Protection Act (aka the Coker-Warner bill), as a base from which to react and recommend changes. CUNA expects Chairman Tim Johnson and Ranking Member Michael Crapo to introduce a new housing finance reform bill in the coming weeks and it is possible that the committee will mark up a bill in December. 

2014 House Calendar
The House Calendar for the second session of the 113th congress, which begins in January, has been released. You can be access it here. The Senate has not released its calendar yet, but it should be available by early December.

For a more in-depth Washington report, click here

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Keep up Don't Tax My Credit Union

Word out of Washington, D.C. is that comprehensive tax reform "discussion drafts" could be coming this week.  Senate Finance Committee Chairman Max Baucus (D-MT) has said twice that the drafts are close. Credit unions are urged to continue their Don't Tax My Credit Union initiatives.

Last week the League asked that all Don't Tax My Credit Union (DTMCU) postcards be sent back by credit unions. The League has dropped off 60,000 of the postcards to lawmakers. To get the rest delivered in a timely manner, the League needs them as quickly as possible. Credit unions should also continue to follow the DTMCU plan. In November, make plans to use a Thanksgiving-themed communication to lawmakers. The League is working on a template card for the holidays.

Also, credit unions should continue to use all social media channels and mobilize staff to get involved. Once the discussion begins on tax reform, credit unions want to be well positioned. The credit union message is being heard, but it is important to not relax yet.

If you have any questions on the DTMCU program, contact LSCU & Affiliates Director of Governmental Affairs in Alabama Jason Cochran at 866.231.0545 ext. 2159 or Director of Governmental Affairs in Florida Jennifer Martin at ext. 1150.

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InfoSight spotlight: Payment Card Industry Data Security Standard

The Payment Card Industry (PCI) Data Security Standard (DSS) is a set of comprehensive requirements for credit card account data security developed by the founding brands of the PCI Security Standards Council, including American Express, Discover Financial Services, JCB, MasterCard Worldwide, and Visa International, to facilitate adoption of consistent data security measures.

The PCI DSS is a standard that sets minimum requirements for security management, policies, procedures, network architecture, software design, and other critical protective measures. This standard is intended to help organizations, including credit unions, proactively protect credit card account data.

The PCI DSS consists of the following group of principles and accompanying requirements:

  • Build and Maintain a Secure Network
  • Protect Cardholder Data
  • Maintain a Vulnerability Management Program
  • Implement Strong Access Control Measures
  • Regularly Monitor and Test Networks
  • Maintain an Information Security Policy


Visit the Payment Card Industry Data Security Standard topic on the Security channel of InfoSight to review the requirements that correspond to each of the principles. In addition, this topic contains a links to the PCI Quick Reference Guide and the PCI Security Standards Council’s website.

Review the information today to help your credit union remain in compliance.

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In This Issue
Tuesday Edition
Madeleine Albright announced as 2014 GAC guest
Washington wire
Keep up Don't Tax My Credit Union
InfoSight spotlight: Payment Card Industry Data Security Standard
LSCU & Affiliates Media
 
CUNA Inside Exchange with NCUA Chairman Debbie Matz

The most recent edition of CUNA Inside Exchange features the first of a two-part series with NCUA Chairman Debbie Matz. She speaks openly about the issues facing credit unions. 


2013 Leadership Development Conference Mobile App for iPhone

Click the icon above to download the LDC Mobile App to your iPhone or iPad. *Be sure to download to your phone or tablet, not your computer.


2013 Leadership Development Conference Mobile App for Android

Click the icon above to download the LDC Mobile App to your Android phone. *Be sure to download to your phone or tablet, not your computer.

Upcoming League Events
Nov. 5-8 Leadership Development Conference
Nov. 5 Civil Money Penalties/Examiners Findings
Nov. 6 Call Reports-What to Look For & Why
Nov. 7 POAs, Businesses, Trusts & More
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