To make a donation to the credit unions, employees and volunteers affected by Hurricane Maria, visit the New York Credit Union Foundation’s donation page.
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:
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
Reminder: The New York Credit Union Association is seeking feedback on credit unions’ state-level legislative priorities – The Point
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
A new report shows cybercriminals are using search engine optimization to target potential victims – CU Times
Fannie Mae and Freddie Mac will have “little or no ability to absorb losses” as their capital buffers decline to zero – CUToday
Some expect Janet Yellen, the current Federal Reserve board chair, to stay on the board—at least temporarily—when her term ends – American Banker
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
Security experts are warning that weak remote desktop protocol credentials are in wide circulation on darknet marketplaces and increasingly used by ransomware attackers – CUinfoSecurity
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