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Trade Associations Call for                            Universal Residential Loan

          National Data Breach Standard                          Application to Include

          ABA and ICBA joined                                    Language Preference Question
          five financial trade                                   The CFPB has issued the fifth version of its small entity
          associations in a letter                               compliance guide for the TILA-RESPA integrated disclosures.
          to lawmakers calling                                   The latest revision incorporates amendments and clarifications
          for a national data                                    made in a July final rule.
          security  and  breach
          notification standard.                                 To download the guide visit: https://s3.amazonaws.com/files.
          In a letter to Reps.                                   consumerfinance.gov/f/documents/201710_cfpb_KBYO-Small-
          Blaine Luetkemeyer                                     Entity-Compliance-Guide_v5.pdf
          (R-Mo.) and Lacy Clay (D-Mo.), the groups called for a standard
          that would require all entities handling sensitive personal and   Fed: Economic Growth
          financial data to have robust protections in place and to notify   Continues, Despite Effects of
          consumers in a timely manner in the event of a breach. They
          added that such a standard would help eliminate current   Hurricanes
          inconsistencies between a patchwork of state and federal laws.   Economic expansion continued across all 12 Federal Reserve

          “Our existing payments system serves hundreds of millions of   districts at a modest to moderate pace in September through
          consumers, retailers, financial institutions and the economy   early October, the Federal Reserve has reported in its seventh
          well,” the groups wrote. “Protecting this system is a shared   Beige Book release of 2017.
          responsibility of all parties involved and we must work together   To read more visit: https://www.federalreserve.gov/
          and invest the necessary resources to combat increasingly   monetarypolicy/files/BeigeBook_20171018.pdf
          sophisticated threats to the payments system.”
          To read the letter visit: https://www.aba.com/Advocacy/
          LetterstoCongress/Documents/Joint-Financial-Services-Trades-
          Supporting-Strong-Data-Security-Legislation-110117.pdf











































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