Straight to The Point: January 17


Good morning. The House Financial Services Committee has slated a host of bills for markup today, and the Committee on Small Business will hold a hearing on “Strengthening SBA’s 7(a) Loan Program.” The Senate banking committee will meet in executive session to gather perspectives on reforming and strengthening Bank Secrecy Act enforcement. The Legislature is also in session. Here’s what’s happening in the world of credit unions:

star3 The New York Credit Union Association yesterday announced a new benefit of membership: The Retail Fees Report by RateWatch – The Point

star3 The Association will host a complimentary webinar Jan. 30 at 11 a.m. to explain the AffirmX platform and how it can enhance a credit union’s compliance program – NYCUA

star3 Deadline approaching: This Friday, Jan. 19, marks the deadline for credit unions to complete the survey for the 2017 New York Credit Union Impact Report, formerly known as the MORE Report – NYCUA

star3 Gov. Andrew Cuomo delivered his state budget yesterday – City & State

star3 The CFPB announced yesterday that it intends to reconsider a recent rule that would significantly curb payday lending – Reuters

star3 A bill submitted to the U.S. House of Representatives would require a task force on financial technology to be created – CUToday

star3 The House Financial Services Committee today will consider legislation that would exempt financial institutions with less than $50 billion in consolidated assets from the CFPB’s rulemaking – CU Times

star3 Moderate Senate Democrats have joined Republicans to support legislation that would relax many of the Dodd-Frank Act’s rules and regulations – New York Times

star3 On Jan.11, six New York City taxi medallions foreclosed on by a New Jersey credit union sold for $185,000 apiece – New York’s State of Mind

Leave a Reply