Straight to The Point
CFPB releases video on HMDA
The CFPB has released a video that focuses on the 2015 Home Mortgage Disclosure Act final rule. The webinar provides an overview of identifiers—including entity, applications or loans, property and loan originator—as well as data points related to applicants and borrowers.
Karen Gallagher, manager of GRS EFCU, announces retirement
Karen Gallagher, manager of GRS EFCU, announced she will retire at the end of May. Gallagher, who started in member service with the West Henrietta-based credit union 14 years ago, has served as manager for the past decade.
In her nearly decade-and-a-half with the credit union, Gallagher has been active in her chapter, and she has participated in events for managers of smaller credit unions in the Rochester-area.
Outside of the credit union movement, Gallagher has volunteered for the Special Olympics and the Arthritis Foundation.
“On behalf of the Association and New York’s credit unions, I’d like to thank Karen for her many years of leadership and her commitment to the credit union movement,” said William J. Mellin, New York Credit Union Association president/CEO. “As Karen moves on to the next chapter of her life, I wish her and her family a happy and healthy retirement.”
March 24 marks Recognition Award nomination deadline
Nominations for the 2017 Recognition Awards are being accepted through March 24. Each year, the New York Credit Union Association’s Recognition Awards program honors credit unions, chapters and individuals for their exceptional contributions to the credit union movement and the members they serve.
More: 2017 Recognition Awards
State and National News
CU Times: Members of Congress and consumer groups are renewing their request to help defend the CFPB in court – More
The Hill: Meanwhile, two Republican lawmakers in the House and Senate introduced companion bills that would eliminate the CFPB – More
CUToday: Sen. Mike Rounds, R-South Dakota, reintroduced the “TAILOR Act,” which would require NCUA and the CFPB to tailor rules based on an institution’s business model and risk profile – More
CU Journal: Lawmakers from both parties were using Federal Reserve board Chair Janet Yellen’s testimony before the Senate banking committee to lay the groundwork for a broader battle over the future of regulatory reform – More
Associated Press: The Senate confirmed Linda McMahon, a former professional wrestling executive, to lead the Small Business Administration – More
New York’s State of Mind
Hackers have provided more evidence for why lawmakers need to impose commonsense requirements on merchants and businesses that don’t adequately protect card information from data breaches – More