Straight to The Point: August 2, 2017


Good morning. The Senate is in session today and will consider President Donald Trump’s nominee to the National Labor Relations Board. Here is what’s happening in the world of credit unions on this Wednesday morning:

star3 Registration is now open for the New York Credit Union Association’s Tech Forward conference, which will be held Oct. 12-13 at the Rivers Casino and Resort in Schenectady. In its inaugural year, the new conference will help attendees learn how to embrace and harness new technologies – NYCUA

star3 The Association yesterday released a new benefit of membership for credit unions with more than $50 million in assets: the CUNA Staff Salary Report. A similar report for credit unions with up to $50 million in assets is expected to be delivered to credit unions at the end of September – The Point

star3 The New York Credit Union Association—through a partnership with the Credit Union Webinar Network—will offer a number of webinars this month – CU Webinar Network

star3 The multifamily home market is expected to continue to grow, according to a new forecast from Freddie Mac – CUToday

star3 Varo Money Inc. applied for a national bank charter from the Office the Comptroller of the Currency with the goal of becoming the first national mobile bank – CU Times

star3 Companies like Wells Fargo and IBM have established “cyber ranges” that allow security teams to train with real cyberattacks in a protected environment – American Banker

star3 Tax reform is a top priority for Senate Republicans after the August recess, and Democrats are hoping to move forward in a bipartisan fashion – The Hill

star3 EMVCo, which manages EMV specifications, released two QR code payment specifications in an effort to define QR code payments in a way that simplifies development and broaden global acceptance – PYMNTS

star3 When a data breach occurs as a result of merchant carelessness or malfeasance, a credit union’s ability to recover losses remains limited. It is past time for Congress to correct this – New York’s State of Mind


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