Straight to The Point: 8, 2017

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CUAid has been activated for credit unions and individuals impacted by Hurricane Harvey.

Good morning, and happy Friday. Both the House and Senate are in session today. The House this morning is expected to vote on a bill amendment that would exclude NCUA from the appropriations process. The New York Credit Union Association strongly supports the amendment and has been in contact with federal lawmakers on the matter. In other news…

star3 Credit reporting agency Equifax said sensitive information—including social security numbers and driver’s license numbers—for as many 143 million Americans was compromised in a massive data breach – Krebs on Security

star3 A number of New York credit unions were recently awarded grants from NCUA. The credit unions can use the funds to expand digital services in underserved communities, provide leadership training and improve cybersecurity – The Point

star3 Credit unions are encouraged to maintain up-to-date information about branch locations and fields of membership on the asmarterchoice.org website – The Point

star3 The New York Credit Union Association is reminding member credit unions that the Association’s management consultants are available to assist with strategic planning – The Point

star3 The Federal Reserve released information on the next steps for developing a faster, safe and ubiquitous payments system – PYMNTS

star3 Sales of new cars and trucks in the U.S. fell 3.7 percent in August, and depressed sales are likely to continue into September – CUToday

star3 Treasury Secretary Steven Mnuchin is optimistic that the Trump administration can reform the nation’s tax code before the year’s end, calling it a “number one priority” – The Hill

star3 AT&T’s U-verse routers and gateways contain a bevy of internet-of-things coding errors that could be easily exploited by hackers – CUinfoSecurity

star3 While everyone supports the goal of a payment system that has the ability to process and settle almost all payments in real-time, not everyone is in agreement about the role that the Federal Reserve board should play – New York’s State of Mind

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