Straight to The Point: November 15, 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 today is scheduled to consider H.R. 1, the Tax Cuts and Jobs Act. The Senate Finance Committee will continue its consideration of their tax reform bill. Here’s what’s happening in the world of credit unions today:

 NCUA has released its 2018 board meeting calendar – NCUA

 The New York Credit Union Association and CUNA are urging credit union advocates to contact their Senators in support of the Senate banking committee’s bipartisan financial reform bill – CUNA

 Young credit union professionals and volunteers can now apply to “crash” the 2018 CUNA Governmental Affairs Conference – Cooperative Trust

 In 2015, payday loan companies collected $3.6 billion in fees, yet a survey indicates borrowers have no regrets – CU Times

 New research found 58 percent of credit union members are struggling financially, while only about half practice healthy financial behaviors – CU Journal

 Local mayors from across the state have come out in opposition to congressional Republicans’ plan to eliminate state and local tax deductions – Times Union

 Cash is unlikely to go away soon, but it does appear to be losing the long-term battle with electronic payment methods – New York Times

 A new study suggests that pedestrian schemes like phishing and key loggers pose a larger threat to organizations than larger data breaches – CUinfoSecurity