Removing Barriers Blog

Top 10 Credit Union Advocacy Accomplishments in 2017
Posted January 02, 2018 by CUNA Advocacy

2017 was a notable year in Washington and a fantastic year for credit union advocacy. Working together, CUNA, Leagues and credit unions accomplished so much in all areas of government. As we begin 2018, here are the top ten credit union advocacy accomplishments for 2017.

Together, we...

  1.  Repelled state bank attacks and enhanced credit union charters in several states
  2.  Significantly eased HMDA compliance and worked to get the rule reopened for reconsideration
  3.  Successfully defended the MBL rule against banker attacks in court
  4. Increased CDFI funding as the Administration proposed to zero it out
  5.  Held data compromisers accountable
  6. Got credit unions rebates from NCUA instead of premiums
  7.  Defeated the CFPB's Arbitration Rule
  8.  Convinced the CFPB to tailor its payday rule
  9.  Successfully defended NCUA's independence
  10.  Preserved the federal tax status

We knew in January that 2017 would be like no other year in Washington and it certainly lived up to that expectation. We're not going to rest on our laurels, though, because next year promises to be just as active. We have a regulatory relief bill poised for Senate consideration, leadership changes coming at the CFPB, new board members likely at the NCUA and possibly more tax threats in Washington and state capitols.

To achieve continued success, we need everyone involved! Thank you for all you did to support and advance credit union advocacy in 2017 – please stay engaged in 2018!