Straight to The Point: June 2, 2017


Good morning from the beautiful Sagamore Resort on Lake George, where the 2017 Annual Meeting & Convention is underway. The general session kicks off at 10:15 this morning. State lawmakers return to Albany on Monday. U.S. Senators are back from their recess on Monday as well, House members return to D.C. on Tuesday. Here are the headlines:

star3 The first day of Convention included the opening round of the CUNA Mutual Group Golf Tournament to benefit the New York Credit Union Foundation, a Welcome Reception, the Young Professionals Commission Cheers and Beers event, and more – The Point

star3 NCUA will host a Twitter chat June 7 at 2 p.m. The agency is inviting credit union staff to discuss and share experiences with NCUA’s new online Learning Management Service – NCUA

star3 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

star3 The state Department of Motor Vehicles is warning New Yorkers about an email traffic ticket scam that could lead users to unwittingly download a computer virus – Times Union

star3 For the second time in less than three years, Kmart Stores is battling a malware-based security breach of its store credit card processing systems – KrebsonSecurity

star3 A group of financial institutions, largely credit unions, have received a $5.2-million settlement in a class action lawsuit against Kmart over a different data breach – CUToday

star3 The penalty for fraud embezzlement and other crimes at credit unions is getting stiffer – CU Journal

star3 Volatile wages, owing in part to undependable schedules, are one factor increasing economic anxiety even with unemployment at a post-recession low – New York Times

star3 The need to help people of modest means strive for financial security is as pressing today as it was 100 years ago – New York’s State of Mind



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