Good morning, and welcome to Friday. As a reminder, the New York Credit Union Association and its Affiliates will be closed Monday, May 29, in observance of Memorial Day. The Legislature is off until June 5, the House doesn’t hold session until June 6. The U.S. Senate is in session today, but they’re also off next week. Here are your headlines this morning:

New York Credit Union Association President/CEO William J. Mellin commented on the CFPB’s proposed clarifications to the bureau’s Home Mortgage Disclosure Act regulations, which would assist credit unions making Consolidation Extension and Modification Agreements, or CEMAs – The Point

The NCUA board of directors approved three items during their meeting yesterday, including a proposed rule on transparency in mergers and the agency’s regulatory appeals process – NCUA

The New York Credit Union Foundation is offering two separate training sessions this summer for individuals interested in teaching the National Endowment for Financial Education High School Financial Planning Program – Foundation

House Financial Services Chairman Jeb Hensarling says he will drop the repeal of the Durbin Amendment from his Dodd-Frank overhaul plan rather than jeopardize the entire bill – CU Times

More consumers today have credit cards than before the Great Recession, but only those with excellent credit are seeing their lines significantly extended – CUToday

Nine percent of Americans who traded in their vehicles in the last 12 months did not purchase another, and instead plan to use ride-hailing services like Uber and Lyft – Reuters

Two related and embarrassing cases of high-level bank executives falling for fake emails illustrate the dangers of social engineering – American Banker

The abrupt resignation of a New Jersey Republican as co-chair of the House’s center-leaning Tuesday Group gives Rep. Elise Stefanik, R-21, a potentially louder megaphone – Times Union