Good morning and happy new year. Both the House and Senate will convene for procedural pro forma sessions. No votes are scheduled or expected. The state legislative session convenes tomorrow, though the start of session is Jan. 8. Here’s what’s happening today:

The New York Credit Union Association released a 2017 highlight video – The Point

New York credit union advocates who are attending the 2018 CUNA Governmental Affairs Conference should complete and submit their Hill meeting request forms to help Association staff secure meeting times with federal lawmakers – NYCUA

The survey for the 2017 New York Credit Union Impact Report—formerly known as the MORE Report—is live through Jan. 12 – NYCUA

Mark McWatters, NCUA board chairman, is under consideration for the CFPB director position – CU Times

McWatters’ potential nomination is stoking fears among bankers that he will show favor to credit unions once in office – CU Journal

In June, cumulative U.S. household debt reached $12.84 trillion, and many Americans have no plans to pay down their share – CNBC

Counterfeit fraud at U.S. chip-enabled merchants was down 66 percent in June of 2017 compared to June of 2015 – CUToday

A number of new laws take effect in 2018, including the state’s paid family leave law and minimum wage increases – Times Union