Straight to The Point: November 14, 2017

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. The House Financial Services Committee will begin the markup on about two-dozen bills. The Senate banking committee will consider the nomination of Jerome Powell as the next chairman of the Federal Reserve. Here’s what else is happening today:

star3 The New York Credit Union Association is conducting an online survey to gather credit union feedback on a number of NCUA’s proposed regulatory reforms – The Point

star3 CU Direct, an Association strategic partner, is hosting a complimentary “Lunch & Learn” event Nov. 21 at Association headquarters in Albany. The event will provide updates on the auto industry and auto lending trends – NYCUA

star3 Credit union supporters are reminded to shop, search and help raise money for the New York Credit Union Foundation this holiday season through the Foundation’s partnerships with AmazonSmile, GoodSearch and GoodShop – Foundation

star3 Apple’s forthcoming Apple Pay Cash will likely become the next in a long line of peer-to-peer offerings that are forcing credit unions to think about the future of noninterest income – CU Times

star3 More than two years after the EMV liability shift, it remains unclear just how many credit unions have not yet completed their conversion to chip-enabled cards – CU Journal

star3 Workers whose schedules change at the last minute would get extra pay and other protections under proposed new rules announced by the state Labor Department – Times Union

star3 House Ways and Means Committee Chairman Kevin Brady, R-Texas, said the lower chamber will not accept the total elimination of state and local property tax deductions as part of the final tax-reform bill – The Hill

star3 A Vietnamese cybersecurity firm has claimed to have already created a way for hackers to bypass the new iPhone X’s Face ID feature – The Verge

star3 Albany County joined the growing list of localities that ban employers from inquiring about a job applicant’s salary history – New York’s State of Mind



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