Straight to The Point: September 17, 2018

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 star3 New York Credit Union Association president/CEO William J. Mellin and industry leaders attended a “Diversity and Inclusion Summit” hosted by financial regulators—including NCUA—in New York City last week – The Point

star3 The Association’s 13 statewide chapters play an important role in promoting cooperation among credit unions at the local level. A number of chapter events are scheduled for the weeks ahead – The Point

star3 The Association’s 2018 Tech Forward Conference is fast-approaching. The event will feature a wide range of presenters and fintech experts who will explain how credit unions can embrace and harness emerging technologies – The Point

star3 Ten years after the financial meltdown that heralded the Great Recession, student debt has risen to record levels while home ownership remains lower than generations past, especially for those who should be in their prime home-buying years – CU Times

star3 In a letter to the House Financial Services Committee, the National Association of State Credit Union Supervisors stated its opposition to legislation that would pre-empt state regulations regarding data breach notifications and fail to subject non-financial entities to the same data breach standards as financial institutions – CUToday

star3 Credit union trade groups are calling on NCUA to level the playing field for examination cycles, arguing that community banks hold an unfair advantage over credit unions – CU Journal

star3 U.S. consumer sentiment jumped more than forecast in September to a six-month high as Americans grew more optimistic about the economy and their purchasing plans – Bloomberg

star3 The CFPB filed a complaint against multiple lenders, accusing them of making loans against future pension payments PYMNTS

star3 The blog breaks down and analyzes several issues impacting credit unions, including the recent state primaries– New York’s State of Mind

 

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