Straight to The Point: July 11, 2017

 

Good morning. The U.S. Senate is in session today. Members of the House are also back in Washington, D.C., after their Fourth of July break. A House Financial Services Committee subcommittee will hold a hearing tomorrow to examine regulatory relief for Community Development Financial Institutions. Here are this morning’s headlines:

New York credit unions can help support the New York Credit Union Foundation by investing in a membership – Foundation

The CFPB finalized a rule that bans the use of mandatory arbitration clauses at financial institutions – The Point

The bureau also finalized updates to its integrated disclosure rule with amendments that address tolerances for the total of payments, housing assistance lending, cooperatives, and privacy and sharing of information – CFPB

The National Federation of Community Development Credit Unions will host a free webinar—led by staff from NCUA—on internal controls for credit unions – Federation

JPMorgan Chase filed a lawsuit against NCUA, claiming the agency breached its $1.4 billion settlement with the bank over the sale of residential mortgage-backed securities – CU Times

The National Association of Realtors has released new data showing a growing number of homeowners yet fewer renters believe now is a good time to buy a home – CUToday

In a possible preview of an issue New York will have to tackle, the state of California is attempting to address marijuana banking – CU Journal

Senate Republicans are starting to consider what they should do if their healthcare bill fails to pass – The Hill