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:

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

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

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

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

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

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

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

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

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