Straight to The Point: October 20, 2017

The New York Credit Union Foundation has activated its Disaster Relief Grants for cooperativas, staff and volunteers in Puerto Rico affected by Hurricane Maria. To make a monetary contribution, visit the Foundation’s donation page

Good morning, and happy Friday! International Credit Union Week wraps up today. Visit the New York Credit Union Association’s Facebook page for a recap of all of this week’s festivities. The Senate is in session today, but the House is not. Here is what’s happening:

star3 The NCUA board of directors finalized two rules designed to improve the agency’s appeals process. The Association is in the process of analyzing the rule – NCUA

star3 The state Department of Financial Services issued guidance that lays out the department’s new process for issuing low-income designations to state-charted credit unions. The Association strongly supports the move, which creates parity with federal credit unions – The Point

star3 Registration is open for the Young Professionals Commission 2017 Fall Educational Summit, which will be held Nov. 8-9 in Buffalo – NYCUA

star3 Nearly nine out of 10 banking and finance leaders reported abandoning a mobile app due to poor performance – CU Times

star3 A New York City councilman has put forth a plan that seeks to help save the taxi cab industry by raising the value of medallions – CUToday

star3 Republicans lack the votes in the Senate to dismantle the Dodd-Frank Act, but there are signs that smaller victories are within reach – The Hill

star3 The number of Americans filing for unemployment dropped to its lowest level in more than 44 years last week – Reuters

star3 A new bill was introduced in the Senate that would establish regulations for political ads on the internet – The Verge

star3 The state DFS signaled its intent to use its wildcard powers to provide state-chartered credit unions with greater flexibility in its school banking programs – New York’s State of Mind


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