Straight to The Point: January 8


Good morning and happy Monday. Both the House and Senate are in session today. The Senate banking committee will hold a hearing on money laundering, with a focus on exploring ways to reform and strengthen Bank Secrecy Act enforcement. Closer to home, the Legislature returns to the state Capitol to begin the first day of legislative business. Here’s the latest:

star3 The New York Credit Union Association is hosting a conference call this Thursday, Jan. 11, at 11 a.m. to offer guidance and explore possible legal strategies for tackling website compliance, particularly as it relates to the Americans with Disabilities Act – The Point

star3 Association President/CEO William J. Mellin reiterated the Association’s position that a legislative fix is needed to allow credit unions to serve the marijuana industry – The Point

star3 Reminder: NCUA will host a complimentary webinar this Wednesday, Jan. 10, at 2 p.m. to explain the agency’s new Office of Credit Union Resources and Expansion – NCUA

star3 More than 30 new lawsuits were filed against credit unions last month over the accessibility of their websites – CU Times

star3 The U.S. Justice Department has withdrawn four advance notices of proposed rulemaking related to the Americans with Disabilities Act, including two that dealt with the accessibility of web information – CUToday

star3 Department of Housing and Urban Development Secretary Ben Carson said HUD is delaying a rule that requires cities and towns that receive federal funding to examine their housing patterns for racial bias and design a plan to address any bias – HousingWire

star3 Andrew Cuomo’s plan to replace the state’s income tax with a payroll tax is already running into a barrage of practical questions – New York Times

star3 Makers of operating systems, devices and cloud services are rushing to fix the Spectre and Meltdown vulnerabilities that exist in some modern processors – CUinfoSecurity

star3 Attorney General Jeff Sessions put an end to any argument a credit union or bank had for extending banking services to marijuana businesses – New York’s State of Mind

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