Straight to The Point: July 18, 2017

Good morning. The House Financial Services Committee’s Terrorism and Illicit Finance Subcommittee will hold a hearing at 2 p.m. today that will focus on mitigating terrorism financing in remittances and money transfers. The Senate is also in session. Here are this morning’s headlines:

 The law firm Bond, Schoeneck & King is hosting a complimentary webinar July 25 at 1 p.m. that will focus on New York’s paid family leave law – The Point 

 CUNA Mutual Group has released new research that examines the mindsets, lifestyles, attitudes and habits of non-members and under-engaged members – CUNA Mutual Group

 New York credit unions can help support the New York Credit Union Foundation by investing in a membership – Foundation

 CFPB Director Richard Cordray said that the Office of the Comptroller of the Currency cannot challenge the bureau’s arbitration rules through a little-used process – CU Times

 The House Appropriations Committee’s 2018 spending plan includes some regulatory relief provisions, but also some disappointments for credit unions – CUToday

 The number of consumers who needed credit in the past year but were too discouraged to apply for it fell to its lowest point since at least 2013, though the number of overall consumers who were rejected for loans increased – Reuters

 Regulators in Canada have barred credit unions there from using “banking”—and all other forms of the word—in their communications – Financial Brand

 The Justice Department is likely to pursue a federal crackdown on the burgeoning marijuana industry, which has a presence in New York – New York Times

 The CFPB’s proposed exemptions from its Home Mortgage Disclosure Act reporting requirements are welcome, but the bureau could do more – New York’s State of Mind