Straight to The Point: July 19, 2017

Good morning. The Senate Finance Committee held a hearing on tax reform yesterday. They also approved the nomination of David Kautter as assistant Treasury secretary for tax policy (the full Senate will now have to confirm Kautter to the position). Video from the hearings is available on the committee’s website. The House is also in session today. Here are this morning’s headlines:

 Meet the latest team member of the New York Credit Union Association: Compliance Director Linda Bow – The Point

 Reminder: The New York Credit Union Association’s Young Professionals Commission is hosting an educational and networking summit in New York City – NYCUA

 Love My Credit Union Rewards, a strategic partner of the Association, has released its July newsletter – Love My CU Rewards

 The U.S. Citizenship and Immigration Services released a new Form I-9 to replace the prior form, which it released in January – NY Labor & Employment Law Report

 For the second consecutive year, mobile banking apps showed no substantial growth, indicating the market may be saturated – CU Times

 A new report indicates that major card issuers are making adjustments to save money as the battle involving credit card rewards heats up – CUToday

 Five major U.S. lenders have reported an average 31 percent drop in second-quarter mortgage revenue – Reuters

 The leaders of the Senate banking committee released a bipartisan bill to keep the federal flood insurance program funded for six years – The Hill

 Cash might not rule everything around you for much longer – New York’s State of Mind