Straight to The Point: August 9, 2017


Good morning. There is no legislative or regulatory action scheduled for today. Here is what’s happening in the world of credit unions on this Wednesday morning:

star3 Credit unions wishing to make a claim to a portion of the Home Depot data breach settlement fund must file the claim by Sept. 14 – The Point

star3 NCUA will host a free webinar at 2 p.m. today to review the agency’s proposed plan to close the Temporary Corporate Credit Union Stabilization Fund – NCUA

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 Although ransomware gets more publicity, accidental data breaches account for major losses, according to a new report – CU Times

star3 Members of Congress want to investigate the legal fees NCUA paid in cases involving the sale of faulty mortgage-backed securities to corporate credit unions, but legal experts say there isn’t much the lawmakers can do at this point – CU Journal

star3 Mortgage finance giants Fannie Mae and Freddie Mac may need nearly $100 billion in bailout money in the event of a new economic crisis, according to stress test results – American Banker

star3 Federal regulators have fined financial firms significantly less under the first six months of President Trump’s tenure compared to the first six months of 2016 – The Hill

star3 Republican lawmakers have just a five-paragraph outline of how to overhaul the tax code, and a lack of consensus has reigned over big issues – Bloomberg

star3 The CFPB’s focus on overdrafts is another one of the bureau’s remedies in search of an illness – New York’s State of Mind


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