Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
New York Assembly passes prize-linked savings bill
ALBANY, N.Y. (3/26/14)--A bill that would allow New York credit unions and other financial institutions to establish prize-linked savings accounts was passed by the New York State Assembly Monday.
 
The Credit Union Association of New York (CUANY) has actively advocated for the bill, A.9037, which was introduced by Annette Robinson (D-Metropolitan) earlier this month ( The Point March 25).
 
An identical version of the bill, S.6805, has been introduced in the state Senate by Sen. Andrew Lanza (R-Metropolitan) and is waiting to be placed on the Senate Banks Committee agenda. CUANY is closely monitoring the bill's progress. If passed by the Senate, the two bills will be reconciled and sent to Gov. Andrew Cuomo to be signed into law.
 
Similar legislation passed both houses of the state Legislature last year with strong bipartisan support before being vetoed by Cuomo, who requested language revisions. The association has worked closely with the governor's office and lawmakers to update the language and move the legislation forward.


RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
14 hours ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
1 Day ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
1 Day ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
1 Day ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
1 Day ago