Good morning, and happy Friday. Enjoy the waning days of summer; September arrives next week. Both the House and Senate will hold pro forma sessions today, with no votes scheduled. Here are is what’s happening in the world of credit unions:
The CFPB yesterday temporarily changed the reporting requirements under the Home Mortgage Disclosure Act for credit unions and banks that issue home-equity lines of credit – The Point
The bureau also released a new report that is intended to warn older Americans about some of the pitfalls of reverse mortgages – The Point
NCUA is accepting grant applications through Aug. 31 from eligible, low-income designated credit unions to support projects that reach people in underserved communities – The Point
The amount of debt student loan borrowers leave school owing has doubled since 2002, with 40 percent owing $20,000 or more – CU Times
Newly delinquent credit card debt among Americans jumped to 4.4 percent in the second quarter of 2017 – CUToday
The number of Americans filing for unemployment benefits rose slightly last week, but it has remained under 300,000 for the longest stretch since 1970 – Reuters
Lobbyists and advocates are taking their message to the state Capitol earlier and earlier each year, with the goal of getting legislative priorities included in the budget – Times Union
The future of cryptocurrencies like Bitcoin and Ethereum is uncertain, but businesses are betting big on blockchain technology – Fortune