Straight to The Point: September 13, 2017


Good morning. The House is expected to continue considering amendments to its appropriations bill today. The New York Credit Union Association has been fully engaged with lawmakers on the bill, especially concerning a provision that would bring NCUA under the appropriations process, and the Association strongly supports an amendment that would exempt NCUA from the budget process. Advocates can write to lawmakers in support of the amendment by visiting CUNA’s website. The Senate is also in session today. Here is what’s happening:

star3 The New York Credit Union Association will be raising awareness during International Credit Union Week with a statewide advertising campaign through GSTV – The Point

star3 The National Credit Union Foundation has activated CUAid for credit unions and individuals impacted by Hurricane Irma – National Foundation

star3 Registration is open for the 2017 Volunteer Leadership Conference, scheduled for Oct. 20-21 at the Turning Stone Resort Casino in Verona. The conference includes specialized learning tracks for directors and supervisory committee members – NYCUA

star3 As expected, recent hiccups from Equifax and Wells Fargo are at the forefront of the argument to keep the CFPB’s mandatory arbitration rule – CU Times

star3 Millennials are taking out personal loans at nearly twice the rate of their Generation X predecessors – CU Journal

 star3 U.S. Census data shows that the countries median income rose to $59,000 in 2016, up from $57,200 in 2015 – Reuters

star3 Bowing to public outrage, Equifax announced it will for the next 30 days waive the fees associated with credit freezes – New York Times

star3 Mobile eCommerce is set to make up half of all online sales by the year 2020 — worth nearly $250 billion annually – PYMNTS

star3 A bill that would subject the NCUA to the congressional budget process could be the most credible legislative threat to credit unions in the last decade – New York’s State of Mind

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