Straight to The Point: August 28, 2017


Good morning, and welcome to another Monday. Neither the House nor the Senate are in session today, and there is no legislative or regulatory action slated. Here is what’s happening today:

star3 With budget season approaching, the New York Credit Union Association’s member relations team is once again offering budgeting assistance to member credit unions as a benefit of membership – The Point

star3 Last call for online registrations: The 2017 Compliance & Legal Conference will be held Sept. 11-12 at the Turning Stone Resort Casino in Verona. Registrations should be submitted by the end of the day today– NYCUA

star3 Credit union professionals can register for the New York Credit Union Association’s IRA Workshops, which will be held Sept. 26-27 at Association headquarters in Albany. The workshops cover both “essential” and “advanced” IRA situations – The Point

star3 A deadline regarding an obscure piece of security technology could soon give credit unions headaches and call attention to weak spots in their data protections – CU Times

star3 Records show that the dollar volume of all mortgages originated in 2016—purchase and refinance combined—was nearly $2 trillion – CUToday

star3 Federal Reserve Board Chairwoman Janet Yellen favors modest changes to the Dodd-Frank Act, but she insists the reforms have strengthened the financial system without impeding economic growth – Reuters

star3 If Yellen is no longer the chairwoman after her first term expires in February, the Fed board’s current policy on regulation could change completely – New York Times

star3 The Fed has named Dave Sapenaro as its new payments strategy director tasked with heading the agency’s payment system improvement initiatives – PYMNTS

star3 The CFPB finalized last-second amendments to the Home Mortgage Disclosure Act’s reporting requirements – New York’s State of Mind


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