CU Leaders Visit Capitol Hill on Behalf of Members

Credit unions could be spotted in every single Congressional building on Capitol Hill Wednesday as credit union leaders visited with elected officials to tell stories about the credit union difference, including New Jersey credit union advocates (see related story above). The visits are an annual tradition that is part of the CUNA Governmental Affairs Conference (GAC).

Credit unions from across America spent the day discussing numerous issues and concerns. Specific issues raised in nearly every meeting included data security and privacy, the current expected credit loss (CECL) standard, Telephone Consumer Protection Act reform, and the Consumer Financial Protection Financial Bureau. 

A general message of all meetings was regulatory relief: credit unions asked legislators to keep them in mind when crafting laws.