Straight to The Point: May 12, 2017


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:

star3 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

star3 NCUA approved School Systems FCU’s community charter application, which was written by the Association – The Point

star3 Recognition Round-Up: Utica Gas and Electric EFCU received a Benefits of Membership Award from CUNA – The Point

star3 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

star3 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

star3 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

star3 A new report estimates that by 2019, more than 60 percent of online retail sales will be made via mobile devices – CUToday

star3 Mortgage rates inched higher again this week after a brief slip, but experts are mixed on where rates are headed – Washington Post

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