Straight to The Point: June 16, 2017


Good morning, and happy Friday. The Legislature is off today. Monday marks the beginning of the final three days of session. Correction to this morning’s email edition: The House and U.S. Senate recessed for the weekend. Here are this morning’s headlines:

star3 Important: The New York Credit Union Association has issued a time-sensitive call to action in support of a bill that would grant credit unions access to the state Banking Development District Program – The Point

star3 NCUA’s upcoming board meeting, previously scheduled for Thursday, June 22, has been rescheduled to Friday, June 23, at 10 a.m. The agenda is now available – The Point

star3 Trish Shermot of Visions FCU was among the 48 credit union professionals to receive their Credit Union Development Educator certification – The Point

star3 Virtually all financial and payments professionals believe payments fraud is only going to get worse in the near future – CU Times

star3 Treasury Secretary Steven Mnuchin said his number one priority is creating sustainable growth for all Americans, and that includes regulatory relief for America’s credit unions – CUToday

star3 The Treasury Department believes that consumer filed complaints with the CFPB should be accessible only to government agencies – PYMNTS

star3 While still recovering from last year’s consumer bank scandal, Wells Fargo is now being accused of making unauthorized changes to home loans held by customers in bankruptcy – New York Times

star3 In addition to another expected hike in interest rates, the Federal Reserve announced a plan to reduce its portfolio of Treasury bonds and mortgage-backed securities – Reuters

star3 Many consumer advocates live in a world where there are no tradeoffs between consumer protections and access to credit – New York’s State of Mind

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