With a new administration, naturally comes change. With the Biden Administration settling into D.C. and quickly implementing its policies, there will be plenty of change -- even for credit unions.
One particular area that will have a great effect on credit unions will be digital services -- in particular digital ID, which is starting to boom thanks to last year's pandemic. So how will the Biden Administration tackle digital ID, as well as consumer data privacy laws?
To get the answer and more, we invited OneSpanDirector of Global Regulations and Standards Michael Magrath on the show to share his expertise in this area. Michael talked about the administration implementing an all-encompassing law because 50 different laws from 50 different states is a recipe for chaos. So some sort of standard must be set.
He also discussed what this means for financial institutions moving forward in our digital age.
An incredibly interesting talk with Michael on a very timely topic. Check it out and let us know your thoughts.