Straight to The Point: August 25, 2017

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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:

star3 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

star3 The bureau also released a new report that is intended to warn older Americans about some of the pitfalls of reverse mortgages – The Point

star3 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

star3 The amount of debt student loan borrowers leave school owing has doubled since 2002, with 40 percent owing $20,000 or more – CU Times

star3 Newly delinquent credit card debt among Americans jumped to 4.4 percent in the second quarter of 2017 – CUToday

star3 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

star3 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

star3 The future of cryptocurrencies like Bitcoin and Ethereum is uncertain, but businesses are betting big on blockchain technology – Fortune

 

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