Straight to The Point: November 20, 2018

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star3 Nominations are open for the New York Credit Union Association’s 2019 Recognition Awards, which honor credit unions and individuals for their exceptional contributions to the credit union movement – The Point

star3 CORE FCU and SEFCU both received national Desjardins Youth Financial Education Awards from CUNA for their exceptional commitment to youth financial education – The Point

star3 The Federal Financial Institutions Examination Council will host a complimentary webinar to discuss possible future alternatives to the London Interbank Offered Rate, the benchmark for setting interest rates around the world – The Point

star3 The Financial Accounting Standards Board officially issued an update to its current expected credit losses standard, delaying implementation for credit unions for fiscal years beginning after December 2021, a move the Association and CUNA strongly advocated forCUNA

star3 Federal policymakers should require credit unions to follow the same Community Reinvestment Act standards that banks follow, the American Bankers Association told the Office of Comptroller of the CurrencyCU Times

star3 The Federal Reserve said that in 2019 it will review its strategies, tools and communication practices it uses to pursue its congressionally assigned mandate of maximum employment and price stabilityCUToday

star3 Freddie Mac announced that it is now offering GreenCHOICE mortgages, which are mortgages that will help finance home improvements for greater energy efficiency, according to the companyHousingWire

star3 Confidence among U.S. homebuilders plummeted by the most since 2014 as the highest borrowing costs in eight years restrain demand, adding to signs of a cooling housing marketBloomberg

star3 The blog discusses the New York Fed’s quarterly report on household debt and also student loan debt, which has increased by $37 billion in the third quarter, and stood at $1.44 trillion at the end of September 2018 – New York’s State of Mind

 

 

 

 

 

 

 

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