Straight to The Point: June 27, 2018


star3 The New York Credit Union Association is joining a group of credit unions and associations suing Equifax over its shoddy data protection practices – The Point

star3 Two police-based credit unions—Delaware Police FCU and The Finest FCU—have recently partnered with OwnersChoice Funding – The Point

star3 Enrollment is open for the statewide prize-linked saving program, Lucky Savers. Credit unions that are new to the program will need to execute a contract and provide all documents to the Association by Aug. 31 in order to start their program on Oct. 1 – The Point

star3 New York held its federal primaries yesterday, and while most of the races went as expected, longtime Rep. Joseph Crowley (D-14) was unexpectedly defeated by newcomer Alexandria Ocasio-Cortez – New York Times

star3 The payday lending rules issued by former CFPB Director Richard Cordray may be arbitrary and unstable and should be delayed until they are fixed, the current CFPB regime said – CU Times

star3 The Supreme Court ruled in favor of an American Express policy that prevents retailers from offering customers incentives to pay with less-expensive cards. The ruling was immediately blasted by retailers – CUToday

star3 As the state legislative session concluded last week, Gov. Andrew Cuomo floated the idea of calling lawmakers back to Albany for a special session to extend New York City’s speed camera program and a handful of local tax provisions that will lapse at the end of the year – Times Union

star3 The Senate Appropriations Committee tabled a measure—by a vote of 21-10—to ban regulators’ use of federal funds to punish banks for working with legal pot businesses. House members defeated a similar measure earlier this month – Forbes

star3 The Supreme Court’s ruling in the case Ohio v. American Express Company is good news for credit unions – New York’s State of Mind




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