Good morning and happy Friday. In case you missed it, credit unions and CUNA made it on to Jeopardy! Wednesday night. It’s a mellow day on the legislative front, with only the U.S. Senate in session. Here are today’s headlines:
The New York Credit Union Association’s statewide scholarship program will award 34 college-bound high school students with $29,500 in financial assistance – The Point
NCUA approved School Systems FCU’s community charter application, which was written by the Association – The Point
Recognition Round-Up: Utica Gas and Electric EFCU received a Benefits of Membership Award from CUNA – The Point
Jeb Hensarling, R-Texas, has been selected by House Republicans to serve a third term as chairman of the House Financial Services Committee – CU Times
The White House said President Trump intends to nominate David Kautter to be assistant secretary of the Treasury for tax policy, a position that plays a key role in the administration’s tax-reform efforts – The Hill
Minneapolis Federal Reserve Bank President Neel Kashkari said he would like to see Dodd-Frank regulations stay in place for big banks, while providing relief to smaller institutions that are not “systematically risky for the country” – Reuters
A new report estimates that by 2019, more than 60 percent of online retail sales will be made via mobile devices – CUToday
Mortgage rates inched higher again this week after a brief slip, but experts are mixed on where rates are headed – Washington Post