Straight to The Point: October 25, 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 (https://donatenow.networkforgood.org/NewYorkCreditUnionFoundation).

Good morning. It’s a busy day for the House Financial Services Committee: The full committee will continue its examination for the Equifax data breach, and a subcommittee will hold a hearing on housing finance reform. The Senate is also in session. Here is what’s happening this morning:

 Credit union professionals and volunteers in Puerto Rico are still in desperate need of monetary assistance after Hurricane Maria ravaged the island last month – The Point

 The New York Credit Union Association submitted a memo in support of the Community Institution Mortgage Relief Act, which is sponsored by Rep. Claudia Tenney, R-22 – The Point

 CUNA Mutual Group is hosting a number of webinars before year-end, including a series on “member-focused conversations – CUNA Mutual Group

 Mastercard announced that it will be opening up access to its blockchain technology – CUToday

 House Speaker Paul Ryan said that Republicans will unveil their long-awaited tax reform legislation next week – The Hill 

 Most businesses are not using multifactor authentication and strong password protocol – CU Times

 Silicon Valley is betting big on the future of artificial intelligence – New York Times

 Experts are sounding the alarm on what appears to be a powerful strain of malware that hijacks interned-connected devices and may have affected over a million organizations already – KrebsonSecuirty

 The Treasury Department’s report on the CFPB’s arbitration rule provides a well-reasoned explanation of why the CFPB over-stated the value of class action lawsuits – New York’s State of Mind