Close But No Cigar on BDD’s

June 22, 2017 at 9:01 am Leave a comment

As succinctly summarized in this morning’s Albany Times Union, the 2017 Legislative session fizzled out late Wednesday night with no grand finale. Unfortunately our Banking Development District Legislation bill was also victimized by this inaction.

Although the Assembly passed a bill that authorized credit union to assist underbanked communities, in the end the Senate Rule Committee didn’t pull the trigger, failing to put the bill on the floor for a vote of the full chamber. The result is disappointing, but remember the legislative process is a marathon not a sprint. The fact that one house has passed the legislation and the senate has now seriously considered it is progress we can build on for next year.

It appears that many of the highest profile bills dealing with employment also withered on the vine. For example, legislation passed by the assembly which would have prohibited the use of consumer credit history in hiring employment and licensing determinations as well as legislation prohibiting inquiries about an applicant’s salary history, didn’t make it through the gauntlet .

On that note yours truly is taking tomorrow off and selling lemonade at my daughters lemonade stand- I have to pay for college somehow. I will be back on Monday.

Entry filed under: General.

And down the stretch they come… Are Changes to the OTR Worth It?

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Authored By:

Henry Meier, Esq., General Counsel, New York Credit Union Association.

The views Henry expresses are Henry’s alone and do not necessarily reflect the views of the Association.

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