Straight to The Point: July 21, 2017


Good morning, and happy Friday. The House is not in session today, but the Senate is. If you’re so inclined, you can watch the video from the Senate banking committee’s hearing yesterday on housing finance reform for small lenders. Here are this morning’s headlines:

star3 In an effort to accommodate as many participants as possible, the New York Credit Union Association has secured the dates of Oct. 23-24 for the CEO Roundtable in Syracuse. The event—which features industry updates, networking and a guided dialogue—is specifically geared toward CEOs/managers of New York credit unions with up to $100 million in assets – NYCUA

star3 The NCUA board of directors approved a request for public comment on the agency’s proposed plan to close the Temporary Corporate Credit Union Stabilization Fund and provide credit unions with a Share Insurance Fund distribution – NCUA

star3 Municipal CU VP of Public Relations and Corporate Communications Michael Mattone, who also chairs the Young Professionals Commission, spoke with Eloquent Online about the importance of engaging young professionals – The Point

star3 Keith Noreika, the acting U.S. comptroller of the currency, endorsed his predecessor’s plan to issue national bank charters to fintech companies – CU Times

star3 Most borrowers were able to absorb their increased monthly payment obligations after the Federal Reserve Board rate hike in December 2016 – CUToday

star3 Instagram, Snapchat and YouTube all have a major influence on the purchasing decisions of Generation Z – Retail Dive

star3 Freddie Mac, the government sponsored enterprise, wants to provide tens of millions of dollars in financing to midsize landlords – New York Times

star3 Fintech firms are approaching mass adoption among digitally active consumers, with lean design, personalization, real-time insights and transparency as the defining components – The Financial Brand

star3 It is unlikely that U.S. regulators could ban the use of the word “bank” or “banking” at credit unions—as was done in Canada—but it’s worth keeping an eye on the issue – New York’s State of Mind

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