Straight to The Point: March 16


Good morning and happy Friday. No legislative action is scheduled in the House or Senate today, and the state Legislature will not be in session. Here’s what’s happening in the world of credit unions:

star3 The NCUA board of directors yesterday issued an advance notice of proposed rulemaking that seeks input from stakeholders on ways to streamline, clarify and improve the standard federal credit union bylaws – NCUA

star3 The CFPB issued another Request for Information on the bureau’s adopted regulations and new rulemaking authorities – The Point

star3 The Association’s Central New York Chapter recently hosted their ninth annual bowling tournament, known as the Curtin Cup, to raise funds for the New York Credit Union Foundation – The Point

star3 The House on Wednesday passed the so-called TAILOR Act, which would require federal financial institution regulators to take into consideration the institution’s risk profiles and business models when taking regulatory actions – CUToday

star3 With the Senate finishing its work on a regulatory relief package, a showdown in the House still looms while critics of the Dodd-Frank Act weigh whether this is their last shot at unwinding it – CU Journal

star3 Credit unions need to understand the security risks of cloud storage – CU Times

star3 A group of two Republicans and two Democrats in the House introduced a bill that would replace the single director of the CFPB with a bipartisan commission – HousingWire

star3 Economists and analysts warn that the increased government borrowing as a result of the recently passed tax plan is likely to push interest rates higher – New York Times

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