H. R. 7036, known as the “Strengthening Cybersecurity for the Financial Sector Act of 2024,” aims to update regulations for credit union organizations and service providers. It amends the Federal Credit Union Act by changing certain notification and procedural requirements...
Simple Explanation
H. R. 7036 is a bill that tries to make rules stronger for banks and credit unions, especially on computer safety to keep everyone's money safe. It also gives one person, the Director of a big housing group, the power to check on how these banks get help from others, making sure it's all done right.