Straight to The Point: February 1


Good morning, and welcome to February. No legislative action is slated for Congress or the Legislature today. Here’s what’s happening on this Thursday morning:

star3 Registration is open for the New York Credit Union Association’s 2018 State Governmental Affairs Conference – NYCUA

star3 Reminder: Credit union employees are encouraged to utilize SpringFour, a partner of the Association’s that provides consumers with referrals to local programs and resources to help them improve cash flow and address the root causes of their financial challenges. The tool is available as a benefit of Association membership – NYCUA

star3 There is still time for credit unions to offer discounts on federal tax products from TurboTax through Love My Credit Union Rewards – Love My CU Rewards

star3 The U.S. Court of Appeals for the D.C. Circuit ruled that the CFPB’s structure of having one director, who may only be removed for cause, is not unconstitutional – CU Times

star3 Andrew Cuomo set a special election date of April 24 to fill 11 vacant spots in the state Legislature, possibly paving the way for Democrats to regain control of the Senate through a fragile reunification deal – Daily News

star3 The U.S. Treasury Department is intensifying its efforts against “evolving threats,” including the potential for virtual currencies to be used for money laundering and to finance other criminal activities – CUToday

star3 The busy legislative agenda laid out by President Donald Trump in his State of the Union speech casts doubt on how quickly Congress will be able to tackle financial services legislation, such as housing finance reform – CU Journal

star3 The Federal Reserve kept interest rates unchanged on Wednesday but said it anticipated inflation would rise this year, signaling the central bank is still on track to raise rates in March – Reuters

star3 A U.S. appeals court ruled American Express and Chase weren’t on the hook for more than $1 million in credit card payments to purchase wine that was never delivered – New York’s State of Mind

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