Straight to The Point: June 15, 2017

Good morning. The Legislature is in session today, and just four session days remain. The House and U.S. Senate are also in session today, but legislative action was canceled or postponed yesterday after a shooting at a congressional baseball practice. Here are the headlines this morning:

There is still time to nominate deserving individuals for the 2018 Wegner Awards – The Point

CUNA Mutual Group: Use 457(f) plans to retain executives – The Point

Credit Union Magazine is now accepting nominations for Credit Union Rock Stars, its annual campaign to honor outstanding individuals in the credit union movement – CUNA

Credit unions have snatched up market share in credit cards, personal loans, mortgages and auto loans since the first quarter of 2015 – CU Times

New data released by the Mortgage Bankers Association shows that for mortgage lenders, gains were down per loan while production costs were up during the first quarter – CUToday

The Federal Reserve yesterday raised its benchmark interest rate for the third consecutive quarter to a range from 1 percent to 1.25 percent – New York Times

Microsoft released security updates to fix almost a hundred flaws in its various Windows operating systems and related software – KrebsonSecurity

IBM has rolled out a suite of software solutions that will help financial institutions manage their regulatory responsibilities – Business Insider

The Treasury Department’s recent report that calls for radical reforms to the banking system contains a number of important proposals – New York’s State of Mind