Straight to The Point: July 25, 2017


Good morning. The House Financial Services Committee have scheduled several bills for markup today, including a bill that would establish a national strategy for combating the financing of terrorism and related financial crimes. In the Senate, the banking committee will meet to vote on nominations for various positions. Here are your headlines this morning:

star3 Registration is open for the New York Credit Union Association’s popular IRA Workshops. Scheduled for Sept. 26-27, the workshops cover both “essential” and “advanced” IRA situations – The Point

star3 NCUA will host a free webinar Aug. 9 that will review the agency’s proposed plan to close the Temporary Corporate Credit Union Stabilization Fund – NCUA

star3 CUNA Mutual Group will serve as the title sponsor for the Young Professionals Commission’s upcoming Educational Summit, and registration is open – NYCUA

star3 Investment in branch architecture is beneficial to employees and members, and makes each transaction more efficient – CU Times

star3 The Federal Reserve is struggling to hit its annual inflation target for the sixth straight year, leading some to question the true strength of the economy – New York Times

star3 U.S. home resale volumes fell more than expected in June as a scarcity of properties pushed housing prices to a record high – Reuters

star3 Foreclosures in the first six months of 2017 plummeted 20 percent from last year, and two major firms have been very active in buying up non-performing loans – HousingWire

star3 Travelers who stayed at Atlantis, Paradise Island between November 2016 and April 2017 may have been impacted by a data security breach – Consumer Affairs

star3 In concept it’s hard to argue against NCUA’s reorganization plans, but the process will have to be monitored closely to gauge its effectiveness – New York’s State of Mind


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