Straight to The Point: July 14, 2017

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Good morning and happy Friday. No one is having a happier Friday than former Assembly Speaker Sheldon Silver: A federal appeals court yesterday vacated his 2015 corruption conviction. In Congress, both the House and Senate are in session today. Here are this morning’s headlines:

star3 The New York Credit Union Association’s Young Professionals Commission is hosting an educational and networking summit in New York City next month – NYCUA

star3 NCUA has released its agenda for the agency’s upcoming board meeting, which will be held Thursday, July 20 – The Point

star3 The Association made updates to two of its list servs for credit union CEOs to reflect changes made to NCUA’s definition of a “small credit union” – The Point

star3 House Financial Services Committee members on both sides of the aisle expressed some support for tailoring rules to better fit the size and complexity of institutions – CU Times

star3 Credit union lending continued to grow in May, driven largely by the strong labor market, according to CUNA – CUToday

star3 Federal Reserve Board Chair Janet Yellen is pushing back on efforts to ease certain post-recession regulations on financial institutions – The Hill

star3 President Trump named Randal K. Quarles, a former Treasury Department official, to serve as the Federal Reserve’s vice chairman of supervision – New York Times

star3 “Human error” led to the personal data of 6 million Verizon customers—including names, phone numbers and pin codes—to be leaked online – CNNMoney

star3 There’s a lot to be learned from NCUA’s recent opinion letter permitting federal credit unions to issue and sell securities – New York’s State of Mind

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