Straight to The Point: May 23, 2017


Good morning! It’s a full-day on the legislative front; the Assembly, state Senate, House and U.S. Senate are all in session today. Here are this morning’s headlines:

star3 Voting for the New York Credit Union Association’s open director seats ends this Thursday, May 25 – The Point

star3 Individuals and sponsors can still register for the Chairman’s Testimonial at this year’s Annual Meeting & Convention. The event is a celebration of outgoing Association board chairman Mark Pfisterer’s leadership – NYCUA

star3 In the wake of the recent “WannaCry” global ransomware attack, NCUA is reminding credit unions to verify they have effective controls in place to prevent similar attacks – The Point

star3 Upcoming special elections within the state will reveal voter trends that could help predict outcomes in 2018, 2020 – City & State

star3 The Treasury Department plans to issue recommendations on how to better tailor regulations for community banks, but it’s unclear if credit unions will be included CU Times

star3 State lawmakers held a hearing yesterday on the relatively unregulated online lending industry, and they expressed skepticism about the industry’s lack of oversight – Times Union

star3 The Financial CHOICE Act is not on the House agenda this week, but the bill may come up for a vote after the House returns June 5 following next week’s recess – CUToday

star3 Several of the country’s largest banks, including Bank of America and Wells Fargo, have contributed to a $107 million investment in the blockchain startup R3 – Reuters

star3 Do New York’s cybersecurity regulations apply to your federal credit union? The answer is murky – New York’s State of Mind

Leave a Reply