Straight to The Point: August 18, 2017


Good morning, and happy Friday. There is no legislative or regulatory action slated for today, but the House and U.S. Senate will both hold procedural pro forma sessions. Here is what’s happening this morning:

star3 A longtime member of the New York credit union movement, Connie Scherrer, passed away early Friday morning after a courageous battle with ALS – The Point

star3 Recognition Round-Up: Clarence Community & Schools FCU recently received “Business Recognition for the Month” from the Clarence Chamber of Commerce – The Point

star3 Attendees can learn how to embrace and harness new technologies at the Association’s Tech Forward conference, which will be held Oct. 12-13 at the Rivers Casino and Resort in Schenectady – NYCUA

star3 Trade groups and attorneys are pushing the NCUA to move as quickly as possible to adopt many of the task force recommendations to loosen the regulatory burden of financial institutions – CU Times 

star3 Total retail sales rose 0.6% in July – turning in the biggest increase since December – CUToday

star3 American households increased their borrowing over the past year at the fastest pace of the U.S. economic expansion, according to the Federal Reserve Bank of New York – Bloomberg 

star3 Efforts by the United States government to loosen regulations on banks are “dangerous and extremely short-sighted”, one of the U.S. central bank’s top policymakers said in an interview with the Financial Times – Reuters

star3 Apple, Facebook, Google and other major technology companies asked the Supreme Court to rule that their users’ data should be protected from warrantless search and seizure by the government – The Hill

star3 Wednesday’s announcement and request for comment marks the public unveiling of work done by an internal NCUA task force which has been meeting since March – New York’s State of Mind

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