Straight to The Point: June 18, 2018


star3 New York Credit Union Association President/CEO William J. Mellin last week penned a letter to lawmakers in the U.S. House and Senate, urging their support on the Secure and Fair Enforcement Banking Act of 2017, which would authorize credit unions to provide financial services to the marijuana industry in states where it is legal – The Point

star3 The NCUA board of directors will consider a final rule to reform its field of membership rules during the agency’s board meeting this Thursday, June 21 – The Point

star3 The National Federation of Community Development Credit Unions is hosting a “Juntos Avanzamos Northeast Regional Credit Union Roundtable” tomorrow, June 19, at the Federation’s New York City headquarters – Federation

star3 President Donald Trump has nominated Kathy Kraninger, an aide with the Office of Management and Budget, to serve as the new director of the CFPB. The move allows interim director Mick Mulvaney to remain in his post for the time being – CUToday

star3 Mulvaney hasn’t said whether the CFPB will keep public consumer complaints about banks, credit unions and other financial institutions, but a former Ohio attorney general is gearing up just in case the bureau does away with the practice – American Banker

star3 Fewer merchants are accepting Apple Pay, Google Pay and other mobile wallets this year compared to 2017, and many don’t have any way to detect or track fraudulent mobile transactions – CU Times

star3 The state legislative session is coming to a close, and it does not look like lawmakers will finalize legislation to establish sports betting in New York – Buffalo News

star3 Workers earning minimum wage cannot afford to rent a two-bedroom apartment anywhere in the U.S. – The Hill



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