Straight to The Point: May 9, 2017


Good morning! This week, we’ll be announcing the recipients of our state-level credit union Recognition Awards right here in The Point. Individual award winners will be announced next week, so stay tuned. The Assembly and state Senate are in session today, along with the U.S. Senate. The House is off for a district work period all week. Here are this morning’s headlines:

star3 The New York Credit Union Association is pleased to announce the winners of the Dora Maxwell Social Responsibility Community Service Award, which honors credit unions that strengthen local institutions and materially improve the lives of non-members through community outreach programs other than financial education – The Point

star3 NCUA launched a free small credit union “Learning Management Service” that provides users with access to training courses and information that are beneficial to credit union operations – The Point

star3 Credit Union Journal is hosting a free webinar May 24 at 2 p.m. that will focus on implementing the Financial Accounting Standards Board’s new Current Expected Credit Loss standard –  CU Journal

star3 Apple is considering pursuing technology that would allow iPhone owners to send money digitally to other iPhone owners – CUToday

star3 Recent research reveals that fintech firms are prime targets for cybercrime, with 130 million attacks detected in 90 days – CU Times

star3 Fannie Mae and Freddie Mac may soon begin to provide financing for buyers of manufactured homes, according to draft plans released on Monday – Bloomberg

star3 For credit unions and banks to stay ahead of the curve and keep their customers engaged on mobile, they have to bundle high utility functions for millennials into their apps – Payments Source

star3 Financial institutions are now increasingly willing to challenge enforcement actions from the CFPB – PYMNTS

star3 The Financial CHOICE Act that was passed by the House Financial Services Committee contains some good, some bad and some ugly – New York’s State of Mind

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