Straight to The Point: March 2


Good morning, and happy Friday. No legislative action is slated in Congress or the Legislature today. Here’s what’s happening in the world of credit unions:

star3 The CFPB issued a Request for Information on the bureau’s public reporting of consumer complaints – The Point

star3 Clarence Community & Schools FCU and CORE FCU both received national Recognition Awards at the 2018 CUNA Governmental Affairs Conference – The Point

star3 CUNA Mutual Group released their February Credit Union Trends report, which was compiled with data from December 2017. The report found that credit unions added 373,000 new memberships in December and 4.7 million new members in 2017 – CUNA Mutual Group

star3 Eight percent of internet banking logins are from “scraping”—the process that fintech applications use to pull online banking information into their apps – CU Times

star3 A new survey found that three out of four adults feel financially insecure, but the majority are optimistic their situation will get better over the next year – CUToday

star3 In recent weeks, two of the nation’s three largest retail banks have announced plans to open as many as 900 branches over the next few years – American Banker

star3 Economists are seeking answers to a question that could have potentially huge economic consequences: How low can unemployment go? – New York Times

star3 The role of gig workers in the economy is growing, which some suggest could signal the end of the paper check as a payment method for workers – PYMNTS

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