Straight to The Point: November 26, 2018

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star3 Credit unions are encouraged to participate in the Credit Unions for Kids’ Winter Icon campaign to raise funds for the Children’s Miracle Network Hospitals that serve New Yorkers – The Point

star3 Credit unions and individuals are reminded to engage with the New York Credit Union Association on social mediaThe Point

star3 CUNA will host a complimentary webinar on the Federal Reserve’s development of faster payments, scheduled for this Wednesday, Nov. 28, at 12 p.m.The Point

star3 The Consumer Federation of America is cautioning consumers that rising credit card rates will mean larger debts for holiday purchases financed by plastics, and calling on financial institutions to explain to consumers their card rates have risenCUToday

star3 The debate over the Community Reinvestment Act—and whether credit unions should be subject to its requirements—is playing out before the Office of the Comptroller of the Currency CU Times

star3 Two weeks after the Nov. 6 election, Democrat Anthony Brindisi was finally able to announce his victory against Rep. Claudia Tenney, the incumbent Republican, in New York’s 22nd Congressional DistrictObserver Dispatch

star3 The Federal Reserve and CFPB jointly issued a proposal last week that would make changes to Regulation CC, which implements the Expedited Funds Availability ActCUNA

star3 The U.S. banking sector reported $62 billion in profits in the third quarter, up 29.3 percent from the same period a year ago, according to the FDIC – Reuters

star3 New York is becoming the epicenter for merchant advance loans, which are legal because they are technically not loans – New York’s State of Mind

 

 

 

 

 

 

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