The NCUA board of directors held its eleventh open meeting of 2018 and approved three items, including lowering the normal operating level of the National Credit Union Share Insurance Fund to 1.38 percent – The Point
NCUA and six state credit union regulators will launch an alternating examination pilot program for a select group of federally insured, state-chartered credit unions. Notably, New York will not be included in the pilot program – The Point
The board of directors at Sidney FCU has named James H. Reynolds as the credit union’s new president/CEO – The Point
New York legislators are pledging to change laws that have allowed predatory lenders to use the state court system to seize the assets of thousands of small businesses across the country – CU Times
The Federal Communications Commission has approved a Report and Order to create a reassigned numbers database to combat unwanted robocalls, which has the support of the credit union movement – CUToday
A new report has found that Lyft is growing twice as fast as its rival Uber. While both companies grew their revenue since last year, Lyft’s grew 32 percent – two times faster than Uber – PYMNTS
U.S. filings for unemployment benefits fell last week to the lowest since September, returning to hover near an almost five-decade low and signaling the labor market remains tight – Bloomberg
Incoming state Senate Majority Leader Andrea Stewart-Cousins said her conference will continue to explore workplace sexual harassment in the upcoming session – Times Union
An important provision in the federal farm bill legalizes hemp in states that choose to authorize its farming and production – New York’s State of Mind
