Illinois credit union advocates met with Sen. Tammy Duckworth (D-Ill.) in Chicago Thursday to discuss issues impacting Illinois' credit unions.
Specifically, the attendees thanked Duckworth for her longtime support of the credit union tax status and discussed the need for meaningful regulatory relief legislation. The cost of regulatory compliance and the impact those costs have on the products and services that credit unions can offer to their members were a focal point of the meeting.
"We are grateful for the opportunity to have an in-person meeting with Senator Duckworth to thank her for her past support of credit union issues and to continue our dialogue with her as future regulatory reform bills may advance in the Senate," said Keith Sias, Illinois Credit Union League senior vice president of governmental affairs.
Attendees asked Duckworth to consider supporting reform of the Consumer Financial Protection Bureau and other reforms that might be included in a Senate version of regulatory relief legislation.