Straight to The Point: November 2, 2017

The New York Credit Union Foundation has activated its Disaster Relief Grants for cooperativas, staff and volunteers in Puerto Rico affected by Hurricane Maria. To make a monetary contribution, visit the Foundation’s donation page.

Good morning. House Republicans are expected to unveil their long-awaited tax reform legislation today. The Financial Services Committee will hold a subcommittee hearing on housing finance reform. The Senate is also in session today. Closer to home…

 Credit union marketers and communications professionals from throughout New York are in Saratoga Springs today for the start of the New York Credit Union Association’s 2017 Marketing Conference – The Point

 The Association’s November webinars kick off today – NYCUA

 Credit union supporters can shop, search and help raise money for the New York Credit Union Foundation this holiday season through the Foundation’s partnerships with AmazonSmile, GoodSearch and GoodShop – Foundation

 House Financial Services Committee Chairman Jeb Hensarling, R-Texas, announced that he will not seek re-election in 2018 – Politico

 Regulatory relief for credit unions is looking less likely after talks over a bipartisan financial regulatory overhaul have broken down without a deal being struck – CU Times

 The Federal Reserve left its benchmark interest rate unchanged on Wednesday and signaled another rate increase remains on track for mid-December – New York Times

 Despite a late plea from CFPB Director Richard Cordray, President Trump signed a resolution repealing the CFPB’s rule on forced arbitration – The Hill

 While the number of consumers buying cars continued its decline in October, the sale of SUVs and trucks continued to bloom – Reuters

 New York City has implemented a ban on employers asking job seekers about compensation history, and similar legislation might be considered at the state level – New York’s State of Mind

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