Straight to The Point: May 15, 2017

StraightToThePointBlogImgWelcome back, and happy Monday. This week, the New York Credit Union Association will be announcing the individuals who will be honored with Recognition Awards at this year’s Annual Meeting & Convention. Members of the Legislature are back in Albany today. The House is not in session today, but the U.S. Senate is. Here are your headlines:

star3 Today the Association is announcing the recipients of the Outstanding Professional Award, which honors professionals who have a true passion for credit unions and who inspire others with their hard work, dedication and success – The Point

star3 Players and sponsors can still register for the CUNA Mutual Group Golf Tournament to benefit the New York Credit Union Foundation – The Point

star3 Love My Credit Union Rewards, a strategic partner of the Association, has released its May newsletter. The newsletter contains updates on the program’s satisfaction survey, the newly formed Sprint Credit Union Advisory Board, the TruStage Auto & Home Insurance Program and more ­– Love My CU Rewards

star3 Labor Secretary R. Alexander Acosta has made halting the fiduciary rule’s June 9 compliance date as a top priority – CU Times

star3 Payments innovations may improve user convenience and security, but consumers are expressing frustrations with the rising complexity they bring to everyday purchases – CU Journal

star3 A new fintech startup, which lists billionaire Mark Cuban among its investors, is targeting what it calls overdraft penalties by making loans of up to $250 with no interest until the borrower’s next payday – CUToday

star3 More than one-third of profits at leading retailers are derived from store-branded credit cards, and experts say consumer debt is not a sustainable business model for the struggling retail industry – New York Times

star3 President Donald Trump is weeks away from naming anyone to the board of the Federal Reserve, meaning it could be the fall before three currently vacant seats are filled – Reuters

star3 In a move with potential statewide implications, New York City Mayor Bill de Blasio signed a measure making it illegal for city employers to inquire about or research a prospective employee’s compensation history – New York’s State of Mind

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