Straight to The Point: July 10, 2017


Good morning, and happy Monday. The House has one more day off. The U.S. Senate is in session today. Here are this morning’s headlines:

star3 To achieve its mission of “fostering the financial independence of New Yorkers through credit unions,” the New York Credit Foundation provides financial support to the credit union community through four grant programs. Individuals and credit unions are encouraged to apply for Foundation grants this year – Foundation

star3 Registration is open 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

star3 Reminder: Credit Union Journal is seeking nominations for its Best Practices awards, which recognize innovative practices, policies, products, services or procedures that have a proven track record of success – The Point

star3 Despite an increasing number of ways to pay for goods and services, consumers still use cash, a survey by Blumberg Capital found – CU Times

star3 Losses due to Internet crime totaled $1.3 billion during 2016, according to new data released by the FBI’s Internet Complaint Center, but that figure is said to be under-reported – CUToday 

star3 The number of community bank branches slightly increased in 2016, while branches of all other banks went down by 2.3 percent – American Banker

star3 The House Budget Committee may take up the 2018 budget resolution in the coming week, moving forward a process that has been stalled by a fight among Republicans over spending levels – The Hill

star3 Avanti Markets, a company that owns self-service food kiosks, has suffered of breach of its internal networks – KrebsonSecurity


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