Straight to The Point: October 2, 2018

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star3 NCUA announced the liquidation of LOMTO FCU. Teachers FCU, based in Hauppauge, assumed all of LOMTO CU’s members and shares, as well as some loans and other assets – The Point

star3 New York Credit Union Association President/CEO William J. Mellin shared credit union system updates at the Utica-Rome Chapter’s dinner meeting last week The Point

star3 Thomas Novak, director of digital banking of Visions FCU, was named a Credit Union Rock Star by CUNA – The Point

star3 Facebook is reporting a data breach that exposed the personal information of nearly 50 million users, but it also released new additional details on just what the breach entails CUToday

star3 The Federal Reserve published a final rule amending subpart C of Regulation CC to address check alteration disputes when the paper check is unavailable for inspection – CUNA

star3 Twenty-two percent of consumers who have already had their personal or bank information stolen by a data breach said they would not shop at a small business that had fallen victim to a data breach, according to a new survey released by Bank of America – PYMNTS

star3 As Congress struggles over how best to regulate fintech companies, credit unions renewed their call for a regulatory regime that is as strict as the one they must follow – CU Times

star3 Hudson Hemp is one of the few legal hemp farms in the state, and may be a harbinger of what could become an agricultural economic driver in New York Times Union

star3 Five things to think about including fintechs and the recent mishaps at Equifax New York’s State of Mind

 

 

 

 

 

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