Straight to The Point: June 14, 2017


Good morning. Everyone is in session on this Wednesday: the Assembly, state Senate, House and U.S. Senate. The House Financial Services Committee will markup several bills today, with a focus on flood insurance. Here are your headlines:

star3 The New York Credit Union Association has hired Linda Bow as the Association’s new director of compliance – The Point

star3 NCUA will host a webinar at 2 p.m. today to outline the Community Development Revolving Loan Fund grant application process – The Point

star3 CUNA Mutual Group is hosting several webinars in the weeks ahead, including a three-part series on “member-focused conversations” – CUNA Mutual Group

star3 There are still gaps that need to be addressed if financial institutions want consumers to become more comfortable using mobile banking services – American Banker

star3 The U.S. Federal Reserve is widely expected to raise its benchmark interest rate this week due to a tightening labor market – Reuters

star3 The Treasury Department said financial regulators and Congress have done a poor job of tailoring regulations to the size of financial institutions – CU Times

star3 The $89.4 billion in new credit card debt added in 2016 represents serious cause for concern, according to new analysis – WalletHub

star3 A closer look at the Federal Reserve Bank of New York’s data on consumer lending shows that four of the six underlying consumer debt categories are well off their highs – CUNA

star3 Along with its Quarterly Report, NCUA released a list of frequently-asked-questions on the agency’s member business lending rules – New York’s State of Mind

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