Good morning. Federal Reserve Chair Janet Yellen testified before the House Financial Services Committee yesterday. Video from the hearing is available on the committee’s website. Both the House and Senate are in session today. Here are this morning’s headlines:

 The New York Credit Union Association’s annual CEO Roundtable, which is geared toward CEOs of credit unions with up to $100 million in assets, will be held Sept. 6-7 in Syracuse – NYCUA

 Registration is open for the 2017 Northeast Economic Forum. This year’s conference will feature a presentation by former NCUA board chairman Dennis Dollar – The Point

 Reminder: The National Credit Union Foundation is accepting nominations for the 2018 Wegner Awards through July 28 – The Point 

 Internal personnel cause almost half of worldwide IT security incidents in businesses each year, and 40 percent of employees involved in those incidents attempt to hide their mistakes from their employer – CU Times

 Mortgage delinquencies are continuing to improve, and as of April, 4.8 percent of mortgages were in some stage of delinquency – CUToday

 U.S. mortgage application activity recorded its steepest drop since December as interest rates on 30-year fixed-rate loans climbed to their highest levels in nearly two months – Reuters

 Yellen told Congress that the Fed continues to raise interest rates because job growth remains strong – New York Times

 Microsoft issued a dozen patch bundles to fix at least 54 security flaws in Windows and associated software – KrebsOnSecurity