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	<title>new york&#039;s state of mind</title>
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	<description>An Inside look at laws &#38; regulations Impacting New York credit unions</description>
	<lastBuildDate>Wed, 19 Jun 2013 12:11:39 +0000</lastBuildDate>
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		<title>new york&#039;s state of mind</title>
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		<title>3 Things To Change About The Qualified Mortgage Rule</title>
		<link>http://newyorksstateofmind.wordpress.com/2013/06/19/3-things-to-change-about-the-qualified-mortgage-rule/</link>
		<comments>http://newyorksstateofmind.wordpress.com/2013/06/19/3-things-to-change-about-the-qualified-mortgage-rule/#comments</comments>
		<pubDate>Wed, 19 Jun 2013 12:11:39 +0000</pubDate>
		<dc:creator>Henry Meier</dc:creator>
				<category><![CDATA[Advocacy]]></category>
		<category><![CDATA[Compliance]]></category>
		<category><![CDATA[Regulatory]]></category>
		<category><![CDATA[CFPB]]></category>
		<category><![CDATA[Financial Institutions and Consumer Credit Subcommittee hearing]]></category>
		<category><![CDATA[qualified mortgages]]></category>
		<category><![CDATA[safe harbor]]></category>

		<guid isPermaLink="false">http://newyorksstateofmind.wordpress.com/?p=2403</guid>
		<description><![CDATA[Yesterday&#8217;s Financial Institutions and Consumer Credit Subcommittee hearing on CFPB&#8217;s qualified mortgage regulations ended up being more than a cathartic exercise in bureau bashing.  When you get bankers, supervisors, credit unions, brokers and politicians across the political spectrum agreeing that, as written, there is a real danger that fewer people will get mortgages than are actually [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=newyorksstateofmind.wordpress.com&#038;blog=24656824&#038;post=2403&#038;subd=newyorksstateofmind&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<title>Accounting For The Next Financial Crisis</title>
		<link>http://newyorksstateofmind.wordpress.com/2013/06/18/accounting-for-the-next-financial-crisis/</link>
		<comments>http://newyorksstateofmind.wordpress.com/2013/06/18/accounting-for-the-next-financial-crisis/#comments</comments>
		<pubDate>Tue, 18 Jun 2013 12:01:04 +0000</pubDate>
		<dc:creator>Henry Meier</dc:creator>
				<category><![CDATA[Advocacy]]></category>
		<category><![CDATA[Compliance]]></category>
		<category><![CDATA[Regulatory]]></category>
		<category><![CDATA[ALL]]></category>
		<category><![CDATA[community banks]]></category>
		<category><![CDATA[FASB 2012-260]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[loan loss allowances]]></category>

		<guid isPermaLink="false">http://newyorksstateofmind.wordpress.com/?p=2400</guid>
		<description><![CDATA[As I pointed out in a previous blog post, even though my father was able to get five kids through college and give himself the flexibility to play the occasional weekday game of tennis by starting his own accounting firm, it became painfully obvious at a very young age that his older son would not be [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=newyorksstateofmind.wordpress.com&#038;blog=24656824&#038;post=2400&#038;subd=newyorksstateofmind&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<title>What&#8217;s Next For Fannie, Freddie and Credit Unions?</title>
		<link>http://newyorksstateofmind.wordpress.com/2013/06/17/whats-next-for-fannie-freddie-and-credit-unions/</link>
		<comments>http://newyorksstateofmind.wordpress.com/2013/06/17/whats-next-for-fannie-freddie-and-credit-unions/#comments</comments>
		<pubDate>Mon, 17 Jun 2013 11:23:34 +0000</pubDate>
		<dc:creator>Henry Meier</dc:creator>
				<category><![CDATA[Advocacy]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[Political]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[Congress]]></category>
		<category><![CDATA[mortgage-backed securities]]></category>
		<category><![CDATA[Corker]]></category>
		<category><![CDATA[Warner]]></category>
		<category><![CDATA[Reed]]></category>

		<guid isPermaLink="false">http://newyorksstateofmind.wordpress.com/?p=2396</guid>
		<description><![CDATA[As the pace begins to pick up in Congressional efforts to re-examine the tax code, credit unions are understandably nervous about even the whiff of legislation to do away with their tax exemption.  But another issue, on which they need to be ready to mobilize, is reform of the housing market. According to today&#8217;s Wall [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=newyorksstateofmind.wordpress.com&#038;blog=24656824&#038;post=2396&#038;subd=newyorksstateofmind&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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			<media:title type="html">US Auto Industry Bailout In Jeopardy After Senate Votes It Down</media:title>
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		<title>End Of The World As We Know It?</title>
		<link>http://newyorksstateofmind.wordpress.com/2013/06/14/end-of-the-world-as-we-know-it/</link>
		<comments>http://newyorksstateofmind.wordpress.com/2013/06/14/end-of-the-world-as-we-know-it/#comments</comments>
		<pubDate>Fri, 14 Jun 2013 11:47:19 +0000</pubDate>
		<dc:creator>Henry Meier</dc:creator>
				<category><![CDATA[Advocacy]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[Political]]></category>
		<category><![CDATA[Senate Finance Committee options paper]]></category>
		<category><![CDATA[tax exemption]]></category>
		<category><![CDATA[tax reform]]></category>
		<category><![CDATA[UBIT]]></category>

		<guid isPermaLink="false">http://newyorksstateofmind.wordpress.com/?p=2392</guid>
		<description><![CDATA[In poker, as in life, you can do more harm than good by over-reacting to the worst case scenario.  For instance, if you fold every time someone raises, then you&#8217;re never going to be in the game for the big money.  Imagine if the Tom Brady, the Patriot&#8217;s quarterback, reacted to the news that his team had recruited [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=newyorksstateofmind.wordpress.com&#038;blog=24656824&#038;post=2392&#038;subd=newyorksstateofmind&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<title>The  Fairest Way To Implement Dodd-Frank</title>
		<link>http://newyorksstateofmind.wordpress.com/2013/06/13/the-fairest-way-to-implement-dodd-frank/</link>
		<comments>http://newyorksstateofmind.wordpress.com/2013/06/13/the-fairest-way-to-implement-dodd-frank/#comments</comments>
		<pubDate>Thu, 13 Jun 2013 10:27:29 +0000</pubDate>
		<dc:creator>Henry Meier</dc:creator>
				<category><![CDATA[Advocacy]]></category>
		<category><![CDATA[Compliance]]></category>
		<category><![CDATA[Political]]></category>
		<category><![CDATA[Regulatory]]></category>
		<category><![CDATA[Dodd-Frank]]></category>
		<category><![CDATA[OCC]]></category>
		<category><![CDATA[top ten banks]]></category>

		<guid isPermaLink="false">http://newyorksstateofmind.wordpress.com/?p=2389</guid>
		<description><![CDATA[Without much fanfare, the OCC announced that it will grant two year exemptions to the nation&#8217;s seven largest banks from  a Dodd-Frank mandated requirement that large financial institutions “push out” their swap operations to non bank subsidiaries.  The idea behind the provision is that federal insurance guarantees shouldn&#8217;t be used to bail out investment banks that make bad bets [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=newyorksstateofmind.wordpress.com&#038;blog=24656824&#038;post=2389&#038;subd=newyorksstateofmind&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<title>What To Do When The Ex-Con Wants A Job</title>
		<link>http://newyorksstateofmind.wordpress.com/2013/06/12/what-to-do-when-the-ex-con-wants-a-job/</link>
		<comments>http://newyorksstateofmind.wordpress.com/2013/06/12/what-to-do-when-the-ex-con-wants-a-job/#comments</comments>
		<pubDate>Wed, 12 Jun 2013 12:06:14 +0000</pubDate>
		<dc:creator>Henry Meier</dc:creator>
				<category><![CDATA[HR]]></category>
		<category><![CDATA[Regulatory]]></category>
		<category><![CDATA[12 U.S.C. 1785 (d)]]></category>
		<category><![CDATA[discrimination]]></category>
		<category><![CDATA[EEOC]]></category>
		<category><![CDATA[employment]]></category>
		<category><![CDATA[NCUA]]></category>

		<guid isPermaLink="false">http://newyorksstateofmind.wordpress.com/?p=2387</guid>
		<description><![CDATA[With the announcement that it is suing two companies for policies that discriminate against the hiring of felons, the Equal Employment Opportunity Commission (EEOC) is sending a message loud and clear that it is dead serious about putting teeth into its guidance released last April stressing that employers can not categorically refuse to hire someone simply because [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=newyorksstateofmind.wordpress.com&#038;blog=24656824&#038;post=2387&#038;subd=newyorksstateofmind&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<title>Overdraft Protection And Regulatory Overkill</title>
		<link>http://newyorksstateofmind.wordpress.com/2013/06/11/overdraft-protection-and-regulatory-overkill/</link>
		<comments>http://newyorksstateofmind.wordpress.com/2013/06/11/overdraft-protection-and-regulatory-overkill/#comments</comments>
		<pubDate>Tue, 11 Jun 2013 11:51:45 +0000</pubDate>
		<dc:creator>Henry Meier</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[Regulatory]]></category>
		<category><![CDATA[Cass Sunstein]]></category>
		<category><![CDATA[CFPB]]></category>
		<category><![CDATA[overdraft protection charges]]></category>

		<guid isPermaLink="false">http://newyorksstateofmind.wordpress.com/?p=2384</guid>
		<description><![CDATA[Late yesterday, the CFPB unveiled a report on overdraft fees.  Although it hasn&#8217;t yet proposed any regulations on this matter, you know where this is headed with the certainty of a Met fan watching his team&#8217;s relentless assault on 100 losses this season:  they&#8217;re both inevitable.   In fact, no area of regulation better exemplifies why the [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=newyorksstateofmind.wordpress.com&#038;blog=24656824&#038;post=2384&#038;subd=newyorksstateofmind&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<title>Do We Spy On Our Members?</title>
		<link>http://newyorksstateofmind.wordpress.com/2013/06/10/do-we-spy-on-our-members/</link>
		<comments>http://newyorksstateofmind.wordpress.com/2013/06/10/do-we-spy-on-our-members/#comments</comments>
		<pubDate>Mon, 10 Jun 2013 11:49:22 +0000</pubDate>
		<dc:creator>Henry Meier</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[data collection]]></category>
		<category><![CDATA[Elliot Spitzer]]></category>
		<category><![CDATA[privacy]]></category>
		<category><![CDATA[SARs]]></category>

		<guid isPermaLink="false">http://newyorksstateofmind.wordpress.com/?p=2379</guid>
		<description><![CDATA[The news reports over the last few days detailing the extensive nature of the government&#8217;s data collection efforts make this as good a time as any to broach a question that&#8217;s been bugging me for a long time now.  Does the government have too much power to compel financial institutions &#8211; both credit unions and banks &#8212; [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=newyorksstateofmind.wordpress.com&#038;blog=24656824&#038;post=2379&#038;subd=newyorksstateofmind&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>Merchants Sue To Gauge Consumers</title>
		<link>http://newyorksstateofmind.wordpress.com/2013/06/06/merchants-sue-to-gauge-consumers/</link>
		<comments>http://newyorksstateofmind.wordpress.com/2013/06/06/merchants-sue-to-gauge-consumers/#comments</comments>
		<pubDate>Thu, 06 Jun 2013 11:53:39 +0000</pubDate>
		<dc:creator>Henry Meier</dc:creator>
				<category><![CDATA[Legal Watch]]></category>
		<category><![CDATA[New York State]]></category>
		<category><![CDATA[Regulatory]]></category>
		<category><![CDATA[Eric Schneiderman]]></category>
		<category><![CDATA[Expressions Hair Design]]></category>
		<category><![CDATA[Interchange fees]]></category>
		<category><![CDATA[merchants]]></category>

		<guid isPermaLink="false">http://newyorksstateofmind.wordpress.com/?p=2376</guid>
		<description><![CDATA[Remember those Congressional Hearings where Rockwellian small town merchants explained to Congress how evil banks and credit unions were making them pay exorbitant fees for the right to accept debit cards from their members?  Remember those 7-11 petitions in which consumers were led to believe that if only merchants weren&#8217;t charged so much for debit cards, their slushies and day [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=newyorksstateofmind.wordpress.com&#038;blog=24656824&#038;post=2376&#038;subd=newyorksstateofmind&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<title>White House Spotlights Patent Trolls</title>
		<link>http://newyorksstateofmind.wordpress.com/2013/06/05/white-house-spotlights-patent-trolls/</link>
		<comments>http://newyorksstateofmind.wordpress.com/2013/06/05/white-house-spotlights-patent-trolls/#comments</comments>
		<pubDate>Wed, 05 Jun 2013 11:50:34 +0000</pubDate>
		<dc:creator>Henry Meier</dc:creator>
				<category><![CDATA[Compliance]]></category>
		<category><![CDATA[Legal Watch]]></category>
		<category><![CDATA[New York State]]></category>
		<category><![CDATA[Regulatory]]></category>
		<category><![CDATA[FIS]]></category>
		<category><![CDATA[NCUA]]></category>
		<category><![CDATA[patents]]></category>

		<guid isPermaLink="false">http://newyorksstateofmind.wordpress.com/?p=2372</guid>
		<description><![CDATA[When it comes to patent trolls, the White House is mad as hell and not going to take it anymore. Patent trolls are companies that specialize not in developing technology but in buying it and then trolling around for patent violations.  Yesterday, the White House unveiled Executive orders and legislative proposals designed to crack down [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=newyorksstateofmind.wordpress.com&#038;blog=24656824&#038;post=2372&#038;subd=newyorksstateofmind&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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