Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CUNA provides Hill visit support for 4,400 CU advocates
WASHINGTON (2/26/14)--More than 4,400 credit union supporters are preparing to join this week's credit union Capitol Hill Advocacy efforts.

Credit union Capitol Hill hikes are a key part of the Credit Union National Association's annual Governmental Affairs Conference, and give credit union supporters the chance to take their local and national political and regulatory concerns directly to their members of Congress.

As they ready for their hikes, CUNA legislative staff have provided an overview of the key message points to deliver to members of Congress during Capitol Hill meetings.

This year, the top items on CUNA's legislative agenda include encouraging members of Congress to:
  • Tell leadership and tax writing committee members "Don't Tax My Credit Unions," and to make a public statement of support for the tax status based on structure and mission;
  • Require merchants to adhere to the same strong data security standards that credit unions must follow and to reimburse credit unions for the costs they incur as a result of merchant data breaches. Credit unions should also be permitted to identify the merchant at which a given data breach occurred when notifying members that their accounts have been compromised, if the source is known and if disclosure would not hamper an investigation;
  • Reduce credit unions' regulatory burden by supporting bills that would address privacy notification standards, make the examination process fairer and more consistent, and make structural improvements to the Consumer Financial Protection Bureau;
  • Ensure credit unions have continued access to a well regulated, well capitalized and liquid secondary mortgage market, and maintain the availability of the 30 year fixed rate mortgage; and
  • Enact charter enhancements so that credit unions can continue to serve their members. House and Senate legislation (H.R. 688/S. 968) that would permit experienced and well-capitalized credit unions to apply for expanded business lending authority, and bi-partisan legislation (H.R. 719) that would permit credit unions to accept supplemental forms of capital consistent with cooperative principles.
"Every meeting will be different, and schedules can change by the minute. Whether you are meeting with a senior member of Congress, or a House freshman staff member, remember to be clear and concise. Make sure they understand the main points," CUNA Senior Vice President of Legislative Affairs Ryan Donovan said.

For more CUNA legislative advocacy resources, use the resource link.
RSS print
News Now LiveWire
Housing starts swell in July #NewsNow #Market http://t.co/EdKIhXEj9l
31 minutes ago
Consumer inflation tapers after spring surge #NewsNow #Market http://t.co/bgvQd8fyuF
52 minutes ago
Have you read this one today in #NewsNow? What NCUA examiners look for on cybersecurity efforts: NCUA Report http://t.co/4g5wUavUAe
1 hours ago
.@CFPB sets $2.75M fine v. auto finance co. it says "distorted consumer credit records for years": TX-based First Investors Fin. Serv. Group
2 hours ago
University, college #creditunions add fin ed to higher ed. See #NewsNow http://t.co/NsyshwHPhg
4 hours ago