Straight to The Point: May 18, 2017


Good morning! We’re wrapping up our Recognition Award announcements today with a special one: The New York Credit Union Hall of Fame inductees. As a reminder, all award winners will be presented with their awards during the 2017 Annual Meeting & Convention. In other news, the Legislature is off until next week, but both chambers of Congress are in session today. On to the headlines…

star3 We’re proud to honor our 2017 inductees into the New York Credit Union Hall of Fame. These individuals have devoted their lives to the philosophy and success of the credit union movement, and they’ve made a significant impact on credit unions at the local, state or national levels – The Point

star3 Filene Research Institute is seeking “credit union innovators” for the think tank’s i3 program. The program aims to bring together the best and the brightest next generation of credit union leaders in an effort to tackle the finance industry’s most flummoxing problems – The Point 

star3 Low-income credit unions interested in applying for Community Development Revolving Loan Fund grants can begin submitting applications to NCUA on July 1 – NCUA

star3 Last month, consumers reported the highest level of financial optimism since June 2013, according to a survey by the Federal Reserve Bank of New York CU Times

star3 Senate Majority Leader Mitch McConnell, R-Kentucky, said he’s “not optimistic” that Congress will pass a major bill to overhaul the Dodd-Frank Act – The Hill

 star3 S. mortgage application activity recorded its steepest drop since December, retreating from an eight-week high – Reuters

 star3 Lawmakers failed to vote on the bill that would have repealed the CFPB’s final rule on prepaid accounts – CUToday

star3 Microsoft is at the center of a debate over who is to blame for a strain of ransom-demanding malware that hit computers worldwide – New York Times

star3 The failure of Congress to kill the CFPB’s prepaid card rule speaks volumes about the outlook of the regulatory environment – New York’s State of Mind

Leave a Reply