Straight to The Point: May 10, 2017


Good morning, happy Wednesday. We’re continuing to announce the recipients of our state-level credit union Recognition Awards in The Point this week. The Legislature is in session, as is the U.S. Senate. The House is off. Here are this morning’s headlines:

star3 The New York Credit Union Association is pleased to announce the winners of the Desjardins Youth Financial Education Award, which recognizes credit unions that demonstrate a significant commitment to youth financial education – The Point

star3 Young credit union professionals spent the day at the state Capitol in Albany yesterday visiting with lawmakers and advocating for pro-credit union legislation – The Point

star3 The National Credit Union Foundation is inviting individuals who have completed their Credit Union Development Education training to attend the annual DE Workshop in Tampa, Florida – National Foundation

star3 Banks and credit unions are often pressured to compete with third party mobile wallets to protect their brands. But it’s unclear if that strategy is helpful in attracting consumers – CU Journal

star3 Republican Rep. John Katko, R-24, has co-sponsored a bipartisan bill that would allow student debt to be discharged in bankruptcy – CU Times

star3 In a comment letter to NCUA, the American Bankers Association railed against the idea of allowing credit unions to have access to secondary capital – CUToday

star3 The Trump administration will review the Dodd-Frank Act in stages, and will likely miss the President’s self-set June deadline for reforms – Reuters

star3 A security application for ATMs that’s designed to thwart “jackpotting” attacks has been found to have a serious vulnerability – CUInfoSecurity

star3 The Cuomo administration is continuing to crackdown on the title insurance industry by proposing a pair of measures that would tighten affiliation standards and further limit fees that can be charged – New York’s State of Mind

Leave a Reply