Straight to The Point: August 6, 2018

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star3 Register now for the 2018 Compliance & Legal Conference, scheduled for Sept. 11-12 at the Turning Stone Resort Casino in Verona. The two-day conference will focus entirely on regulatory and legal issues affecting New York’s credit unions – NYCUA

star3 Registration is open for the November 2018 session of the National Credit Union Foundation’s Credit Union Development Education training. The weeklong session will be held Nov. 7-14 in Madison, Wisconsin – National Foundation

star3 The Adirondack Chapter will host their annual golf tournament on Monday, Aug. 27 at the Top of the World Golf Course in Lake George. Registration deadline is Aug. 20 – NYCUA

star3 In a rare move, the NCUA sued a national business advisory firm for $10 million, and the lawsuit has developed into a fierce battle over whether the accounting company neglected to detect a massive, bizarre embezzlement scheme that liquidated an Ohio credit union and led to a $37 million loss for the industry’s share insurance fund CU Times

star3 One small, largely unpublicized, section of the Regulatory Relief Act will make online banking and account opening dramatically easier and more accessible for millions of consumers, according to one report CUToday

star3 U.S. employers added 157,000 jobs in July, and the nation’s unemployment rate fell to 3.9 percent, according to data released by the Labor Department. Meanwhile, average hourly pay for workers rose 2.7 percent from a year earlier, to $27.05 from $26.34 Bloomberg

star3 This year has been a “wildly successful year in credit union advocacy,” CUNA Chief Advocacy Officer Ryan Donovan said, and during the August recess credit unions have a great opportunity for additional efforts CUNA

star3 Cardtronics, the world’s largest owner of ATMs, reported strong signs of organic growth as the launch of several new agreements with U.S. and overseas banks followed the end of its long-standing relationship with 7-Eleven. The company said same-store withdrawal transactions in the U.S. reached their highest quarterly levels in more than six years PYMNTS

star3 TCM Bank, a company that helps more than 750 small and community U.S. banks issue credit cards to their account holders, said a web site misconfiguration exposed the names, addresses, dates of birth and Social Security numbers of thousands of people who applied for cards between early March 2017 and mid-July 2018 KrebsOnSecurity

 

 

 

 

 

 

 

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