Straight to The Point: November 1, 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

This morning, our hearts are with the victims and all those affected by yesterday’s terrorist attack in New York City. Separately, Republicans on the House Ways and Means Committee are expected to unveil their long-awaited tax reform proposal tomorrow. The House Financial Services Committee will hold two subcommittee hearings today, including one called “Data Security: Vulnerabilities and Opportunities for Improvement.” In the Senate, the banking committee will vote on various Export-Import Bank nominations. In other news…

star3 The CFPB this week launched a new mortgage performance trends tool for tracking delinquency rates across the country – The Point

star3 Reminder: NCUA will host a webinar on credit union diversity at 2 p.m. tomorrow, Nov. 2 – NCUA

star3 Nominations are now being accepted for eight open director positions on CUNA’s board of directors – CUNA

star3 Data shows that millennials enjoy having brick-and-mortar branches nearby – CU Times

star3 Secretary of Housing and Urban Development Ben Carson is promising to help financial institutions get more comfortable when it comes to financing lower-income borrowers – CUToday

star3 Consumer confidence in the U.S. has reached its highest point in nearly 17 years – Bloomberg

star3 President Trump said he wants to sign a tax overhaul by Christmas, setting an aggressive timetable for Congress to deliver his first major legislative victory – The Hill

star3CFPB Director Richard Cordray urged President Trump to veto a bill that would repeal the bureau’s rule banning arbitration clauses – Politico

star3 If you’re having trouble finding and retaining good employees, then you’re not alone – New York’s State of Mind

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