Straight to The Point: March 9

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Good morning, and happy Friday. The Senate will convene today. The House, Assembly and state Senate will not be in session. Here’s what else is happening today:


star3 The CFPB has issued a request for information on the bureau’s rule-making process. The RFI will provide the opportunity for the public to submit feedback and suggest ways to improve outcomes for both consumers and covered entities – CFPB

star3 Since Hurricane Maria tore through Puerto Rico last September, the New York Credit Union Foundation has dispersed $313,000 in grants to individuals and nearly $50,000 in grants to the island’s credit unions, known as cooperativas – The Point

star3 Reminder: The New York Credit Union Association is providing all member credit unions with complimentary access to two webinars in 2018 as a benefit of membership – NYCUA

star3 Legislation that would prohibit NCUA from enforcing its risk-based capital rule would cost an estimated $400 million in losses over ten years to the Share Insurance Fund, the non-partisan Congressional Budget Office said – CU Times

star3 In conjunction with Fannie Mae, Airbnb is participating in a pilot program to refinance mortgages that organizers said has quickly taken off – CUToday

star3 Gary Cohn, who recently announced his resignation as director of the White House’s National Economic Council, was a pillar of stability in the administration and a supporter of regulatory relief – CU Journal

star3 Retailers have requested that the House Financial Services Committee take a closer look at draft data breach notification legislation, saying it doesn’t do enough to ensure appropriate data security standards – PYMNTS

star3 The vast majority of Americans expect artificial intelligence to lead to job losses in the coming decade, but few see it coming for their own position – New York Times

star3 The digitalization of mortgage lending is not a gimmick to attract millennials but a fundamental shift in the way mortgage lending is done – New York’s’ State of Mind

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