Straight to The Point: June 9, 2017


Good morning, and happy Friday. There are just two weeks left in the state legislative session. On a similar note, the House and U.S. Senate are in session today, but the Legislature is not. Here are this morning’s headlines:

star3 UsNet presented the Ralph Hillman Award to one deserving credit union during this year’s Convention – The Point

star3 Staff from the New York Credit Union Association recently assisted Palisades FCU with a community charter expansion – The Point

star3 Reminder: The National Credit Union Foundation has opened registration for its weeklong Development Educator training in September – The Point

star3 The U.S. House on Thursday passed the Financial CHOICE Act bill to overhaul the Dodd-Frank Act, but it faces an uphill climb in the Senate – CU Times

star3 Despite the CHOICE Act’s opposition in the Senate, the fact that the House was able to pass the bill has both practical and symbolic meaning – CU Journal

star3 Two members of the Senate banking committee introduced a bill that would increase the reporting threshold for open-end lines of credit and closed-end mortgages under the Home Mortgage Disclosure Act – CUToday

star3 Credit card charge-offs are at their highest rate since 2009, possibly due to loosening lending standards – PYMNTS

star3 A rise in the value of equities and real estate pushed the net worth of U.S. households higher in the first quarter of this year, according to a report by the Federal Reserve Reuters


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