Due to the COVID-19 epidemic, forms of the transaction have evolved substantially.( ) Increasing usage of digital financial services has enabled previously unbanked persons and small businesses to enter the financial system. To ensure no one is left behind, regulations have changed with technology. The World Bank Group’s PracticeRead More →

On Friday, the MD|DC Credit Union Association hosted the industry’s first in-person roundtable with Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra and local credit union leaders. Chopra called a key priority engaging with smaller banks and credit unions that are not directly overseen by the CFPB. “We appreciate thatRead More →

A multi-year effort by the MD|DC Credit Union Association to strengthen data breach notification standards for businesses is now law. SB643 will go into effect Oct. 1, updating Maryland’s privacy law to incorporate language suggested by the Association. “This is a big win for consumers,” said John Bratsakis, president andRead More →