Straight to The Point: June 21, 2018

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star3 Each year, the New York Credit Union Association offers over a dozen educational events designed specifically for New York credit union professionals and volunteers, and several events are fast-approaching – The Point

star3 According to CUNA Mutual Group, as the population becomes increasingly diverse, understanding cultural differences might cause credit unions to reconsider their communication messages and product delivery channels – The Point 

star3 Alloya Corporate FCU will host its Credit Union Executive Leadership Symposium Sept. 5-7 in Chicago. This year’s featured keynote speaker is football hall of famer Mike Ditka – The Point 

star3 Sen. Elizabeth Warren (D-Mass.) says she will place a hold on the nomination of Kathy Kraninger to head the CFPB until Kraninger answers questions about her possible role in the Trump Administration’s “Zero Tolerance” immigration policy – CU Times    

star3 The Senate voted down legislation that CUNA wrote to Senate leadership in opposition to a bill that would rescind $141 million from the Treasury’s CDFI Fund. The Senate voted down the legislation by a 48 to 50 vote – CUNA

star3 Auto loan originations, leasing and new subprime loans are all down year over year through February, signifying that 2018 will see a decline in overall auto sales, according to Equifax – CUToday

star3 NCUA— already involved in litigation with the American Bankers Association over changes to its field-of-membership rule approved in October 2016—is set to vote on revisions that will likely further infuriate bankers – CUJournal

star3 Many of the hopes and dreams for this year’s legislative session were dashed as state legislators made their scheduled exit from Albany for the year. The high-profile issues, like sports gambling and additional gun control, did not stand much of a chance at being addressed on the final day of session– Times Union

star3 Following a beta accessible by invitation only, Amazon is rolling out Prime Wardrobe to all of its U.S. Prime customers. An executive with Amazon said the idea behind the service was to take the “pain points” out of shopping – PYMTNS

 

 

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