President Donald Trump nominated Rodney Hood for a seat on the NCUA board. Hood, a Republican, is a former member and vice chairman of the board, who now serves as a corporate responsibility manager for JPMorgan Chase – The Point

 The Massachusetts Share Insurance Corporation, in partnership with the New York Credit Union Association, released the 2018 first quarter Custom Performance Report – The Point

 Reminder: NCUA’s Community Development Financial Institutions Streamlined Application period closes this Friday– NCUA

 A congressional committee has voted to reject a measure to protect financial institutions that open accounts for marijuana businesses from being punished by federal financial regulators – CUToday

 A study ordered by Gov. Andrew Cuomo recommends legalizing marijuana for adult use in New York – Democrat & Chronicle 

 The legislative session is scheduled to end Wednesday, so the state Legislature needs to act fast if it wants to pass big-ticket items – Times Union

 After subjecting the nation’s biggest banks to so-called stress tests, the Federal Reserve will decide how much money they can pay out to their shareholders – Bloomberg (https://www.bloomberg.com/view/articles/2018-06-18/maybe-big-u-s-banks-are-giving-back-too-much)

 Even before she is nominated, critics are knocking Trump’s choice of Kathy Kraninger as CFPB director, contending that her lack of experience in consumer finance makes her a poor choice for the position – CU Times

 There is more good news on the ADA litigation front, after another court ruled that an individual lacked the standing to sue over a credit union’s alleged website accessibility issues – New York’s State of Mind