Straight to The Point: July 5, 2017


Good morning, and welcome back from what was hopefully a relaxing day off. Members of the House and Senate are off for the remainder of the week. Here are your headlines this morning:

star3Registration is now open for the 2017 Northeast Economic Forum. During the conference, attendees and presenters will take a hard look at the state of the economy, what it means for the statewide credit union movement and what credit union leaders should be doing to prepare for the future – The Point

star3The National Federation of Community Development Credit Unions has opened a new secondary capital grant round for member credit unions. The Federation will also host a free webinar July 10 to review the various uses of secondary capital – Federation

star3Reminder: The New York Credit Union Foundation is offering two separate training sessions this summer for individuals interested in teaching the National Endowment for Financial Education High School Financial Planning Program – Foundation

star3Ninety percent of companies in an Experian survey admit they had at least one global data breach in the past five years, yet 32% have no incident response plan in place – CU Times

star3U.S. factory activity gained some steam in June suggesting economic growth in the second quarter, while construction spending held steady in May – Reuters

star3The November general election ballot will feature constitutional amendments that were cleared by the Legislature, including one that would allow a judge to reduce or revoke the public pension of any elected official – Times Union

star3President Trump’s recent tweet about Amazon is putting the issue of online sales taxes back in the spotlight – The Hill

star3Regulators at the U.S. Federal Trade Commission (FTC) are asking for public comment on the effectiveness of the CAN-SPAM Act, a 14-year-old federal law that seeks to crack down on unsolicited commercial email – KrebsonSecurity

star3The CFPB last week issued important guidance about the effective dates to amendments to its mortgage servicing rules. This is definitely something you should talk over with your vendor and/or IT person – New York’s State of Mind

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