Straight to The Point: June 28, 2017


Good morning. Both the House and Senate are in session today. The House Financial Services Committee’s subcommittee on Financial Institutions and Consumer Credit will hold a hearing to examine Bank Secrecy Act and anti-money laundering compliance. Here are this morning’s headlines:

star3President Donald Trump officially appointed J. Mark McWatters as NCUA board chairman – The Point

star3Registration opens today for CUNA Mutual Group’s annual Discovery Conference. The online conference, slated for Aug. 17, includes presentations, a virtual trade show, networking and more – CUNA Mutual Group

star3The CFPB yesterday issued technical corrections to its 2016 mortgage servicing amendments, as well as policy guidance on early compliance – The Point

star3Cybercriminals unleashed another massive ransomware attack yesterday, targeting computer systems worldwide – New York Times 

star3U.S. single-family home prices accelerated at a slower pace than expected in April, but prices are likely to keep rising – Reuters

star3A new study shows that overdraft revenue among all financial institutions could hit $40 billion annually by 2020—a 23 percent increase from where it’s at today – CUToday

star3House Ways and Means Committee Chairman Kevin Brady, R-Texas, said the panel will hold two more tax-reform hearings in July – The Hill

star3Andrew Cuomo has called the Legislature back for a special session, opening the door for further legislative action – Times Union 

star3Another credit union fell victim to the app-based ride-hailing industry – New York’s State of Mind


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