Straight to The Point: December 4


Good morning, and welcome back. The Senate passed its version of tax reform over the weekend. The legislation protects the credit union tax status. The House and Senate will now work to reconcile the differences in their bills via conference committee. In non-tax related news…

star3 The 2017 New York Credit Union Impact Report—formerly known as the MORE Report—is now live – NYCUA

star3 The New York Credit Union Association and CUNA are urging credit union advocates to help support the Economic Growth, Regulatory Relief and Consumer Protection Act – The Point

star3 The Credit Unions for Kids #VoteForMiracles promotion is now underway. Through the campaign, credit unions—thanks to contributions from CO-OP Financial Services and CU Direct—will donate $100,000 to the five Children’s Miracle Network Hospitals with the most votes – Vote For Miracles

star3 A bipartisan group of House members on Friday introduced a resolution to nullify the CFPB’s payday lending rules – CU Times

star3 Former lawmakers Barney Frank and Chris Dodd say that their namesake legislation was clearly written to allow the CFPB’s deputy director to serve as acting director after the full-time head of the agency departed – CU Journal

star3 A survey conducted explicitly for the American Bankers Association found that more than half of American voters would support a tax reform plan that eliminates the credit union tax exemption – CUToday

star3 House Majority Whip Steve Scalise, R-Louisiana, said Sunday the House and Senate are “pretty close” on the key aspects of each chamber’s tax bill – The Hill

star3 A Brooklyn-based rental platform that offers landlords and tenants payment and maintenance scheduling services is adding bitcoin to its list of payment options – CNBC

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