Straight to The Point: January 18


Good morning. Both the House and U.S. Senate are in session today. The Senate banking committee will hold a hearing to examine possible reforms to the Committee on Foreign Investment in the United States, or CFIUS. The Legislature is not in session. Here’s what’s happening today:

star3 Nominations are now open for the Association’s 2018 Recognition Awards, which honor credit unions and individuals for their exceptional contributions to the credit union movement and the members they serve – NYCUA

star3 The Association’s 2018 advocacy efforts are in full swing. In the past two weeks, Association staff have met with the offices of several influential lawmakers and regulators – The Point

star3 The CFPB yesterday issued a call for evidence to ensure the bureau is fulfilling its proper and appropriate functions to best protect consumers – CFPB

star3 A cybersecurity firm confirmed a 100 percent increase in cyberattack volume over the last two years, with 2017 setting a record – CU Times

star3 Projections may call for the auto sales market in 2018 to slow, but most credit unions expect to see the same level of lending or more this year – CUToday

star3 NCUA Chairman J. Mark McWatters has not even been announced as President Donald Trump’s pick to run the CFPB, but his potential nomination already is uniting several diverse groups in opposition – CU Journal

star3 Richard Cordray, the former director of the CFPB, forcefully weighed in on the bureau’s plans to unwind their payday lending rule – The Hill

star3 Assembly Speaker Carl Heastie, D-Metropolitan, is embracing the governor’s plan to move toward a payroll tax on employers – Times Union

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