Members of CUNA’s Consumer Protection Subcommittee discussed the need for regulatory relief and other topics with NCUA, the Consumer Financial Protection Bureau (CFPB), legislators and CUNA staff during their fly-in meeting this week. A chief topic of discussion with both NCUA and CFPB was CUNA’s Telephone Consumer Protect Act (TCPA) petition, and CUNA’s subsequent letters to the agencies asking for their support.
“Our subcommittee members represent a diverse section of the credit union industry, each heavily invested in seeing regulatory relief,” said Elizabeth Eurgubian, CUNA’s deputy chief advocacy officer. “We had substantive discussions about ways we think regulatory burdens can be eased on credit unions, we thank the agencies and staff for their time and look forward to continuing discussions as policies take shape.”
CUNA’s TCPA petition requests the Federal Communications Commission issue a declaratory ruling that provides 2 routes to resolve confusion about what communication between credit unions and members are permitted under the TCPA.
In its letter to NCUA, CUNA highlighted how its petition would enable facilitate consumer-friendly communication, and to the CFPB CUNA highlighted how FCC granting the petition would be consistent with bureau objectives to ensure consumers are informed about their financial affairs.
Other topics addressed include:
The subcommittee members also received briefings from CUNA staff on advocacy, research and the state of consumer protection, among other topics.