Straight to The Point: September 26, 2018

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star3 In a message to the state’s credit unions, New York Credit Union Association board Chairwoman Marie Betti, CEO/treasurer of Western New York FCU, provided a recap of the board’s recent strategic planning session – The Point

star3 Mid-Hudson Valley FCU will host a bus trip to a New York Jets game on Sunday, Oct. 7, against the Denver Broncos – The Point

star3 CUNA Mutual Group released its September Credit Union Trends Report, compiled with data from July. Notably, the report found credit unions originated a record $70.3 billion in the first half of 2018, a 4.1 percent increase over the same time period last year – CUNA Mutual Group

star3 In a move the Association and CUNA strongly oppose, Sen. Elizabeth Warren, D-Mass., introduced legislation that would expand the Community Reinvestment Act to include certain credit unions CU Journal

star3 The housing market is stalling, and homebuilder stocks are feeling the pain. The S&P Supercomposite Homebuilding Index is down 21 percent year-to-date, on track for the biggest annual drop since 2008, when it fell 32 percentBloomberg

star3 The Senate banking committee continued to examine how to handle the regulation of fintech, as concerns persist about data aggregation and consumer’s privacyCU Times

star3 Financial institutions, including credit unions, are urging a federal court to deny a bid by Equifax to have their claims tossed in a multidistrict lawsuit related to the company’s enormous 2017 data breach CUToday

star3 State Sen. David Valesky, D-Central New York, lost in the Democratic primary earlier this month, but he has not ruled out an independent run – Times Union

 

 

 

 

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