Reminder: The New York Credit Union Association and our Affiliates will be closed for the federal holiday on Monday, Oct. 8. The Point will resume publication on Tuesday.
Legislation was signed into law by Gov. Andrew Cuomo requiring that creditors give borrowers notice of their use of technology that can remotely disable their car in the event that it needs to be repossessed – The Point
Reminder: Credit unions and chapters can offer college scholarships to deserving young members with the New York Credit Union Association’s annual, statewide Scholarship Program – The Point
Credit union marketers and communications professionals can register for the Association’s annual Marketing Conference on Thursday, Nov. 8 in Schenectady. The online registration deadline is Friday, Oct. 26 – The Point
Service charges on deposits fell 1.7 percent at banks during the 12 months ending June 30, but they rose 4.9 percent at credit unions – CU Times
Square Inc. is offering loans to customers to pay for goods and services from merchants that use its payments platform, another move by the company to push deeper into financial services – Bloomberg
A number of federal departments and agencies, including NCUA, issued a statement to address instances in which certain banks and credit unions may decide to enter into collaborative arrangements to share resources to manage their Bank Secrecy Act and anti-money laundering obligations more efficiently and effectively – CUToday
The Federal Communications Commission issued a proposal seeking further comment on the definition of an auto dialer under the Telephone Consumer Protection Act – CUNA
The number of Americans filing for unemployment benefits fell to a near 49-year low, pointing to sustained labor market strength, which should continue to underpin economic growth – Reuters
U.S. Sen. Bernie Sanders, I-Vt., introduced a bill this week that would break up some of the largest U.S. banks – The Hill
