Straight to The Point: January 30


Good morning. Two subcommittees of the House Financial Services Committee will hold hearings today to explore opportunities and challenges in the fintech space, and how human traffickers exploit the U.S. financial system. The Senate banking committee will hold a hearing to examine the Financial Stability Oversight Council Annual Report to Congress. The Legislature is also in session. Here’s what’s happening today:

star3 Registration is open for the 2018 Annual Meeting & Convention, the New York credit union movement’s premier event – The Point

star3 Reminder: The New York Credit Union Association will host a complimentary webinar at 11 a.m. today to explain the AffirmX platform and how it can enhance a credit union’s compliance program – NYCUA

star3 Low-income credit unions in hurricane-prone areas—including Puerto Rico and the U.S. Virgin Islands—have a special opportunity to seek certification as Community Development Financial Institutions through NCUA – NCUA

star3 The Federal Reserve Bank of Boston found that 89 percent of financial institutions offer mobile banking – CU Times

star3 Mobile deposit growth at credit unions and banks grew by 35 percent during 2017, and person-to-person payments increased by 30 percent – CUToday

star3 “Jackpotting”—a type of cyberattack in which malicious software causes large volumes of cash to spill out of ATMs—is making its way to the U.S. – KrebsonSecurity

star3 Influential state lawmakers are considering legislation that would expand the legal uses of medical marijuana in New York to include opioid addiction treatment, signaling that the state’s legal cannabis industry will continue to expand – Daily News

star3 Kirsten Gillibrand, D-New York, is pushing legislation that would end sexual harassment forced arbitration clauses, which is a regular feature of some employment agreements – Politico

star3 A federal district court’s decision to throw out a lawsuit filed against a credit union over website accessibility marks a big victory for credit unions – New York’s State of Mind

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