Straight to The Point: January 9

Good morning. The Legislature, U.S. Senate and House are all in session today. Two subcommittee hearings are scheduled in the House Financial Services Committee, including the third part of a series titled, “Legislative Proposals for a More Efficient Federal Financial Regulatory Regime.” The Senate banking committee will hold a hearing on combating money laundering and reforming the Bank Secrecy Act. Here’s what’s happening on this Tuesday morning:

The New York Credit Union Association and employee benefits broker Jaeger & Flynn have signed a new partnership agreement in order to provide the state’s credit unions with access to competitive employee benefits and the administration of human resources-related services – The Point

Registration is open for the 2018 Lending School. Once again, the Association will be offering two sessions—one in Albany, the other in Buffalo—on separate dates – The Point

Assembly Speaker Carl Heastie announced the chamber’s leadership positions and committee chairs for the 2018 legislative session – The Point

The community bank lobby is opposing NCUA board Chairman J. Mark McWatters’ potential nomination as CFPB director – CU Times

Less than 1 percent of U.S. debit card transactions are processed through mobile wallets, even though most financial institutions support the feature – CUToday

The Counter Terrorism and Illicit Finance Act would modernize anti-money laundering/countering the financing of terrorism regime – CUNA

The discovery of the Meltdown and Spectre vulnerabilities, which could be used to compromise most computer chips, demands the immediate attention of the financial services industry – American Banker

Visa has terminated its relationship with WaveCrest, a cryptocurrency card provider – PYMNTS

The blog offers a number of answers to common questions credit unions are asking about the American with Disabilities Act and website compliance – New York’s State of Mind