Straight to The Point: July 26, 2017

Good morning. Both the House and Senate are in session today. The House Committee on Small Business today will meet for a hearing titled, “Protecting Small Businesses from Cyber Attacks: the Cybersecurity Insurance Option.” Separately, the Senate Appropriations Committee’s Subcommittee on Financial Services will hold a hearing to review the Treasury Department’s 2018 fiscal year budget request. Here are this morning’s headlines:

 Credit union leaders recently attended two “Economic Empowerment” sessions with state lawmakers, including Sen. Jesse Hamilton, IDC-Metropolitan and chairman of the Senate Banks Committee – The Point

 The New York Credit Union Association’s annual CEO Roundtable in Syracuse will be held Oct. 23-24. The popular event is specifically geared toward CEOs/managers of New York credit unions with up to $100 million in assets – NYCUA

 Reminder: Miracle Jeans Day—the Credit Unions For Kids annual nationwide fundraiser for the Children’s Miracle Network Hospitals—will be held Sept. 13 – The Point

 Credit unions still have a big awareness problem: People don’t know what credit unions are, what they offer or who can join – The Financial Brand

 The Federal Reserve’s Faster Payments Task Force released its final paper last week on the future of payments in the United States – CUNA

 A new report claims banks and thrifts are run more efficiently than credit unions – CUToday

 A number of hotel chains recently announced security breaches that may have compromised customer data – CU Times

 The World Council of Credit Unions has a new board chairman – WOCCU

 Credit union leaders have to prepare for New York’s paid family leave law – New York’s State of Mind