Straight to The Point: March 6


Good morning. The House, U.S. Senate and Legislature will be in session today. In Congress, the Senate will continue consideration of S. 2155, Economic Growth, Regulatory Relief, and Consumer Protection Act. The New York Credit Union Association and CUNA strongly support the bill. The House Financial Services Committee will markup the 2019 Fiscal Year Budget Views and Estimates. In the state Senate, the Committee on Consumer Protection will hold a hearing. Here’s what else is happening today:

star3 The 2018 Annual Meeting & Convention is the New York Credit Union Movement’s premier event. Individuals who register for the event by April 13 will receive a preferred rate – NYCUA

star3 NCUA and the Federal Trade Commission will host a Facebook event at 2 p.m. tomorrow, March 7, to discuss common financial scams and explain how consumers can avoid them – NCUA

star3 C. Richard Wagner, a Municipal CU board member and a former supervisory committee member, has died – The Point

star3 Millennials, many of whom appear to be debt-weary, have been accused of disrupting many industries, and credit cards appear to be next in line – CU Times

star3 A lawsuit that alleged a Houston-based credit union’s website violated the Americans With Disabilities Act has been dismissed – CUToday

star3 Attackers have seized on a new method for executing distributed denial-of-service attacks of unprecedented power, and some now incorporate extortion – KrebsOnSecurity

star3 The Securities and Exchange Commission has launched a “coordinated, grand investigation” into the cryptocurrency industry – CNBC

star3 Millennials appear to be losing money to fraud more often than seniors – PYMNTS

star3 Catching up on Taxi Medallions and other topics after CUNA GAC – New York’s State of Mind

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