BIRMINGHAM, Ala., and TALLAHASSEE, Fla. (7/21/15)--Representatives from the League of Southeast Credit Unions (LSCU) traveled to the nation’s Capitol last week to meet with members of the league’s Alabama and Florida congressional delegations.
Among the topics of discussion were risk-based capital, data security, regulatory relief, patent reform and the credit union tax exemption (eSignal Daily July 20).
Representing LSCU in Washington were Jared Ross, senior vice president of association services, and Jason Cochran, Alabama senior director of governmental affairs.
Ross and Cochran held more than 15 meetings with congressional members or their staffers, “and all were very productive,” LSCU President/CEO Patrick La Pine wrote in his weekly column to members.
The group met with Rep. Bill Posey (R-Fla.), one of three original co-sponsors of H.R. 2769, which would compel the National Credit Union Administration to stop implementation of the risk-based capital rule and study its impact.
Ross met with Rep. Jeff Miller (R-Fla), who has been a strong credit union supporter. The LSCU worked closely with Miller on the introduction of H.R. 1133, which would exempt member business loans made to veterans from the MBL cap.
Senate Banking Committee Chair Richard Shelby’s (R-Ala.) staff told Ross and Cochran that he remains committed to passing meaningful regulatory relief legislation. The staff said that Shelby is trying to work through that process to overcome the roadblocks to get legislation passed.
“From those meetings, it’s apparent that our delegation understands the regulatory burden you are under and they are willing to help,” La Pine wrote.