Straight to The Point: November 6, 2017

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Good morning, and happy Monday. The House is not in session today, but the Appropriations Committee will begin the markup on their tax reform legislation. It’s expected to be a multi-day process. The Senate will convene to consider the nomination of an assistant attorney general. Here is what’s happening in the world of credit unions today:

star3 The 2017 Fall Educational Summit in Buffalo—which is being sponsored by CUNA Mutual Group, Alloya Corporate FCU, SimplyCredit, Co-Pilot and Enterprise Car Sales—will feature a diverse lineup of speakers and session topics – NYCUA

star3 Reminder: The New York Credit Union Association is seeking feedback on credit unions’ state-level legislative priorities – The Point

star3 The CFPB on Friday unveiled a beta version of the HMDA Platform, which allows institutions to establish test log-in credentials; upload sample HMDA files and perform validation on their data; receive edit reports; confirm their test data submission; and conclude the test HMDA filing process – FFIEC

star3 A new report shows cybercriminals are using search engine optimization to target potential victims – CU Times

star3 Fannie Mae and Freddie Mac will have “little or no ability to absorb losses” as their capital buffers decline to zero – CUToday

star3 Some expect Janet Yellen, the current Federal Reserve board chair, to stay on the board—at least temporarily—when her term ends – American Banker

star3 The World Council of Credit Unions supports a framework that subjects fintech firms to the same requirements as credit unions, the council wrote to the Basel Committee on Banking Supervision – CUNA

star3 Security experts are warning that weak remote desktop protocol credentials are in wide circulation on darknet marketplaces and increasingly used by ransomware attackers – CUinfoSecurity

star3 In unveiling their tax reform bill, it’s clear House Republicans learned important lessons in their fight over health care – New York’s State of Mind

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