Straight to The Point: March 14


Good morning. The House, Senate, Assembly and state Senate will all convene for session today. The U.S. Senate will continue consideration of S.2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act. Final passage of the legislation could come this week. In the state Senate, the Banks Committee will hold a hearing to consider several legislative items. Here’s what else is happening today:

star3 The Massachusetts Share Insurance Corporation, in partnership with the New York Credit Union Association, has released the 2017 fourth quarter and year-end Custom Performance Report – The Point

star3 The Association has welcomed Bridget Hartnett as a compliance consultant – The Point

star3 Visions FCU in Endwell implemented CU Direct’s Lending 360 Loan Origination System, which, according to a new white paper, has helped triple online and mobile loan volume and increased consumer loan origination totals by 60 percent – CU Direct

star3 Card fraud and synthetic fraud are still growing, but new reports suggest things might be starting to slow down – CU Times

star3 Mortgage rates in the U.S. have risen to their highest level since 2014 – CUToday

star3 Freddie Mac, while reporting a profit for the full year in 2017, posted a more than $3 billion loss in the fourth quarter – HousingWire

star3 The U.S. recorded a $215 billion budget deficit in February — its biggest in six years — as revenue declined – Bloomberg

star3 Yahoo has been ordered by a federal judge to face much of a lawsuit in the United States claiming that the personal information of all 3 billion users was compromised in a series of data breaches – Reuters

star3 Chipotle Mexican Grill is the latest merchant to claim they have no legal obligation to protect the information of their customers – New York’s State of Mind

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