Straight to The Point: February 7


Good morning. The New York Credit Union Association, the New York Credit Union Foundation and our Affiliate organizations are closed today due to inclement weather. We anticipate resuming normal business hours tomorrow. Both the House and Senate are in session. The Legislature will not convene today. Here’s what’s happening in the world of credit unions:

star3 The Association’s 13 chapters statewide play an important role in promoting cooperation among credit unions at the local level. A number of chapter events are slated for the weeks ahead – The Point

star3 Reminder: The U.S. Treasury Department has opened the 2018 fiscal year funding round for the CDFI Program and Native American CDFI Assistance Program – The Point

star3 Filene Research Institute launched the “Filene Loaned Executive” program, which matches the think tank’s business needs with executives on loan from a credit union or industry provider for a focused service period of up to 24 months – The Point

star3 The House is scheduled to consider the Mortgage Choice Act (H.R. 1153) today, which would exclude affiliated title insurance charges and escrowed homeowners’ insurance premiums from the points and fees calculation – CUNA

star3 It is unclear whether the CFPB is abandoning its supervisory oversight of Equifax or just taking a back seat to the Federal Trade Commission – CU Journal

star3 The number of U.S. data breach incidents tracked in 2017 hit a new record high of 1,579 breaches – CUToday

star3 In another sign that the trend toward mergers may be slowing slightly, NCUA’s December Insurance Report of Activity listed only eight credit unions that received the federal agency’s approval to merge – CU Times

star3 Attackers are exploiting a previously unknown security hole in its Flash Player software to break into Microsoft Windows computers – KrebsOnSecurity

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