Good morning, and happy Monday. It is a quiet day in what should be a quiet month for legislative and regulatory action. The Senate will hold periodic “pro forma” sessions throughout August, with no real agenda items planned. NCUA does not meet this month, and the House is recessed. Here is what’s happening in the world of credit unions:

 The state Department of Financial Services last week launched a cybersecurity portal for state-charted institutions to report “cybersecurity events” – The Point

 The CFPB on Friday released prototypes of “Know Before You Owe” overdraft disclosures. The release of the prototypes—as well as an accompanying report—could signal that the start of the rule-making process on overdrafts – The Point

 CUNA will host a free webinar Aug. 22 at 3 p.m. that will review the Member Activation Program and explore how MAP can be leveraged to educate members about credit union issues – CUNA

 Despite year-over-year numbers being down, auto sales saw a slight rise in July – CUToday

 Employers hired more workers than expected in July and raised their wages, likely clearing the way for the Federal Reserve to announce a plan to start shrinking its massive bond portfolio – Reuters

 Puerto Rico’s cooperativa system can withstand the island’s fiscal crisis, regulators said Friday – CU Times

 A judge ruled that the Justice Department will be allowed to join a case and weigh in on the constitutionality of the CFPB it if chooses to – HousingWire

 Some theorize that cash is a dying breed, yet cash usage in the U.S. remains relatively high – The Financial Brand