Straight to The Point: December 12


Good morning. The full House Financial Services Committee will markup 15 bills today. Among them is the “Common Sense Credit Union Capital Relief Act of 2017,” which would repeal NCUA’s risk-based capital rule. In Albany, the state Assembly Committee on Higher Education will hold a hearing to examine the state’s free college tuition program. Here’s what’s happening in the world of credit unions:

star3 Registration is open for the 2017 CUNA Governmental Affairs Conference, and important lodging deadlines are approaching – The Point

star3 There is still time to participate in the Credit Unions for Kids Winter Icon campaign to raise funds for the Children’s Miracle Network Hospitals that serve New Yorkers – The Point

star3 New York credit union leaders can register for the Pennsylvania Credit Union Association’s 2018 CEO Summit, scheduled for Jan. 14-17 in Key West, Florida – NYCUA

star3 NCUA may be forced to increase loss reserves for the Share Insurance Fund as the value of taxi medallions declines, said NCUA board member Rick Metsger – CU Times

star3 Fannie Mae’s 2017 Home Purchase Sentiment Index increased in November by 2.6 points to 87.8—up 6.6 points compared with the same time last year – CUToday

star3 Several major financial institutions are backing “isolated browsing,” which forces all internet activity to happen in a protected space on the cloud, preventing malicious code from reaching a company’s network – American Banker

star3 The FBI is investigating the Cuomo administration’s practice of hiring employees to work in the governor’s office while actually paying them through various state agencies and public authorities – Times Union

star3 Mainline Democrats said a potential plan to reunify the fractured state Senate Democrats is off the table if the party is not in charge of the chamber by the end of the legislative session – Daily News

star3 The existing framework doesn’t do enough to ensure that truly qualified people are filling supervisory committee roles at credit unions – New York’s State of Mind

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