Straight to The Point: September 14, 2017

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Good morning. The Senate banking committee will hold a hearing today on foreign investments in the U.S. The House is also in session. Here is what’s happening on this Thursday morning:

star3 In a major victory for credit unions, the House yesterday passed the so-called Amodei-Aguilar amendment to an appropriations bill, ensuring NCUA will not be subject to the appropriations process – The Point

star3 Reminder: The New York Credit Union Association’s member relations team is once again offering budgeting assistance to credit unions as a benefit of membership – 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 Malvertising, the use of online ads to spread malware, rose almost 19 percent from the first to the second quarter of this year – CU Times

star3 A bill reintroduced in Congress yesterday would require the NCUA to perform additional due diligence on its Risk-Based Capital rule before it takes effect in January 2019 – CU Journal

star3 U.S. mortgage applications jumped to their strongest level in 10 months last week, as 30-year home borrowing costs hovered at their lowest levels since November – Reuters

star3 Key Congressional Republicans and administration officials are planning to release a “consensus” tax-reform framework the week of Sept. 25 – The Hill

star3 The CFPB announced that recent supervisory actions resulted in $14 million in relief to more than 104,000 consumers from January through June 2017 – PYMNTS

star3 Bryan Cave’s 2017 Data Breach Litigation report–which analyzes federal court litigation—underscores several important and troubling trends – New York’s State of Mind

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