Straight to The Point: February 22


Good morning. There is no legislative action scheduled for Congress or the Legislature today. Here’s what’s happening in the world of credit unions:

star3 The CFPB is seeking feedback on the bureau’s external engagements – The Point

star3 The World Council of Credit Unions is seeking nominations for the World Council Young Credit Union Professionals scholarship program, an international networking and educational opportunity for emerging credit union leaders – WOCCU

star3 The Association will again offer the 2018 Lending School at two locations—one in Albany, the other in Buffalo–this year. Registration is now open – The Point

star3 The nation’s bankers are urging Sen. Orrin Hatch, chairman of the Finance Committee, to aggressively push legislation to require the nation’s largest credit unions to pay taxes – CU Times

star3 Christine Lagarde, head of the International Monetary Fund, said international regulatory action on cryptocurrencies is inevitable – CUToday

star3 Andrew Cuomo officially threw his support behind the Democrat running in a key special election contest that could determine control of the state Senate – Daily News

star3 A strengthening economy is giving the Federal Reserve confidence that interest rates can rise, according to minutes of the most recent policymaking meeting – New York Times

star3 By many measures, the economy looks strong, but the bulk of consumer spending is being done on credit as household debt is skyrocketing – PYMNTS

star3 The Pew Research Centers is proposing a “third way” that recognizes the utility of pay day loans while ensuring they don’t become debt traps – New York’s State of Mind

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