Straight to The Point: December 14

Good morning. Today in the House, the Financial Services Committee will hold a hearing to examine the operations of the Committee on Foreign Investment in the United States. The Senate will convene to resume consideration of the nomination of a U.S. Circuit Court judge. In New York City, the Assembly Committee on Housing will hold a hearing to review the potential impact of the state budget on housing. In other news:

President Donald Trump has signed an Executive Order establishing NCUA’s new official seal – NCUA

With the 2018 CUNA Governmental Affairs Conference approaching, credit union leaders are encouraged to update their credit union’s information using Project Zip Code 14.0, which counts credit union members and matches them by state legislative district, congressional district and county – CUNA

Love My Credit Union Rewards is once again offering partner credit unions the opportunity to provide discounts on Intuit tax products this year. Through the program, credit unions can offer members up to $15 in savings on federal tax products from TurboTax – Love My CU Rewards

The House Financial Services Committee passed 13 bills on Wednesday, including a bill to kill NCUA’s risk-based capital rule – CU Journal

The Federal Reserve raised interest rates on Wednesday but left its rate outlook for the coming years unchanged – Reuters

American Express announced it is eliminating a requirement that merchants collect cardmembers’ signatures for all purchase transactions at the point of sale – CUToday

Online fraud fell by 33 percent this Black Friday, but security experts are warning consumers not to become complacent – CU Times

Congressional Republicans announced an agreement on a final tax reform bill, setting the stage for the bill to be voted on and signed into law before Christmas – New York Times

CUNA decisively weighed in on the CFPB leadership dispute with an amicus brief – New York’s State of Mind