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News Now

CU System
Senate leader McConnell talks to CU constituents at home base
LOUISVILLE, Ky. (6/10/14)--The top Republican in the U.S. Senate, Mitch McConnell of Kentucky, came by the Kentucky
Click to view larger image Sen. Mitch McConnell, minority leader in the Senate, addresses almost 50 credit union representatives at the Kentucky Credit Union League offices in Louisville. (KYCUL photo)
 Credit Union League office in Louisville to address 48 credit union constituents from Louisville, Fort Knox and Frankfort during the recently ended District Work Period.

On Friday, the senator discussed a broad range of issues, including health care, the Dodd-Frank Wall Street Reform Act, and the volatility and violence in Ukraine. 

The Senate leader also  took time to answer questions from the credit union audience. He ended his remarks by thanking credit unions for their important role in helping Kentucky's consumers and the nation's economy. 

"Sen. McConnell has been a friend of credit unions for many years, and we appreciate his support and taking time out of his schedule to meet with our credit unions," Debbie Painter, executive vice president of the Kentucky league, noted Friday.

McConnell recently co-sponsored the credit union-backed Privacy Notification Modernization Act (S. 625), which is supported by the Kentucky league and the Credit Union National Association. 

The bill would eliminate a requirement that privacy notices be sent on an annual basis and instead allow the notices to be sent only when the privacy policy of a financial institution has changed--cutting the nuisance of duplicative notices for consumers and unnecessary costs to financial institutions.
 
Both Senate and House are back in session now, entering a three-week work period before both chambers recess for a July 4 District Work Session.


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