Straight to The Point: May 23


star3 In a major victory for credit unions, the House of Representatives passed S.2155, known as the Economic Growth, Regulatory Relief and Consumer Protection Act. The legislation, which was approved by the Senate earlier this year, will now make its way to President Donald Trump’s desk to be signed into law – The Point

star3 In letter to NCUA, New York Credit Union Association President/CEO William J. Mellin provided input on the agency’s Advanced Notice of Proposed Rulemaking requesting suggested bylaw changes – The Point

star3 The Association and the Credit Union Webinar Network will host a number of educational webinars next month, including sessions on employee leave policies, forgeries and counterfeits, social media platforms and more – NYCUA

star3 President Donald Trump signed a resolution nullifying the CFPB’s indirect auto sales guidance, and Mick Mulvaney, the bureau’s acting director, vowed to seek out and void other guidance in the future – CU Times

star3 Notably, the CFPB will re-examine how it enforces the Equal Credit Opportunity Act, which prohibits discrimination in lending – CU Journal

star3 Bankrate’s 2018 Credit Union Checking Survey finds that 82 percent of the nation’s 50 largest credit unions offer checking accounts that are free – Bankrate

star3 The number of credit card accounts increased by 2.6 percent in the first quarter of 2018 when compared with the same timeframe last year – CUToday

star3 Large financial institutions are using military tools and techniques, like “fusion centers” and combat drills, to battle cybercrime – New York Times

star3 The New York Stock Exchange named its first female president in its 226-year history – an important and symbolic move in corporate culture – New York’s State of Mind

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