Straight to The Point: November 16, 2018


star3 The NCUA board of directors held its November meeting yesterday and approved two items: budgets for 2019-2020 to fund the agency’s activities and strategic priorities, and a proposed rule to update fidelity bond requirements for corporate and natural-person credit unions – The Point

star3 CUs in the community: Hudson River Financial FCU recently donated 700 pounds of candy to Soldiers’ Angels Treats for Troops – The Point

star3 New York credit union leaders are encouraged to save the date for the annual CU Reality Check event—hosted by the Association, New Jersey Credit Union League and Pennsylvania Credit Union Association—Feb. 18-20 in Atlantic City – The Point

star3 The FDIC is asking banks whether they would like to go into the small-dollar credit business, which would solicit comments from banks, consumer groups and others about whether banks could offer a competitive, yet profitable small-dollar loan product – CU Times

star3 Americans’ sentiment fell for the first time in three weeks as a gauge of attitudes toward making purchases slid to the lowest since June, a possible sign spending may be less robust as the holiday shopping season begins – Bloomberg

star3 Three years after the switch to new chip-based credit and debit cards, a new study finds that payment card fraud remains a top concern for large U.S. retailers as criminals move their activities online – CUToday

star3 More than half of credit union CEOs are female, compared with only 5 percent of commercial bank and 6 percent of fortune 500 CEOs – CUNA

star3 U.S. Sen. Elizabeth Warren, D-Mass., said regulators are failing to respond to what she thinks could be a new meltdown in the making: the trillion-dollar market for leveraged loans – American Banker

star3 A presidential committee has voted to move forward with its cybersecurity “moonshot,” a daunting task aimed at making the U.S. a global leader on cyber over the next decade – The Hill

star3 The blog discusses four topics: NCUA’s voluntary diversity self-assessment, the current taxi medallion situation, the future of the House Financial Services Committee, and Federal Reserve Chairman Jerome Powell’s recent comments suggesting economic growth could be set to slow down – New York’s State of Mind


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