Straight to The Point: August 1, 2017

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Good morning. Correction to yesterday’s edition: The Senate is expected to remain in Washington, D.C., for another two weeks before beginning their August recess. The schedule change is to allow them to vote on various nominations. The House has indeed begun their five-week recess. Here are this morning’s headlines:

star3 The Young Professionals Commission’s Summer Educational Summit, which will be held Aug. 8-9 in New York City, will feature a lineup of notable speakers from the credit union and cooperative movements – The Point

star3 The 2017 Northeast Economic Forum will be held Aug. 15-16 at the new Rivers Casino and Resort in Schenectady. In order to receive the preferred rate on lodging, attendees should secure their room accommodations by this Friday, Aug. 4 – NYCUA

star3 Ann Hood, president/CEO of Cornerstone Community FCU, will retire early next year, the Lockport-based credit union announced yesterday – The Point

star3 Rep. Steve Chabot, R-Ohio and chairman of the House Small Business Committee, recently stated that cyber threats have become a critical concern for the country’s 28 million small businesses – CU Times

star3 The International Monetary Fund has trimmed its forecast for the U.S. economy to 2.1 percent for 2017, and it also reduced its projection for U.S. growth in 2018 – CUToday

star3 Contracts to buy previously owned homes rebounded in June after three straight monthly declines, but a shortage of properties remains – Reuters

star3 Lawmakers and regulators and calling for tougher rules on digital currencies – The Hill

star3 Ride-hailing companies Uber and Lyft will take their battle to the wallet, as both plan to roll out their own credit cards – Dow Jones

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