FOR IMMEDIATE RELEASE
CONTACT: Lauren Williams – CUNA Communications; (202) 626-7642; email@example.com
Washington, DC (March 14, 2018) – Today the Senate passed S. 2155, a CUNA-supported relief bill that will improve the current operating environment for credit unions and community banks nationwide. The Economic Growth, Regulatory Relief and Consumer Protection Act is a victory for consumers served by credit unions and aligns with the core efforts behind CUNA’s Campaign for Common Sense Regulation.
“We thank the Senators who put party politics aside to support a bill that will greatly benefit credit unions and the 110 million members they serve,” said CUNA President/CEO Jim Nussle. “We’re grateful to see both sides come together to pass a meaningful piece of regulatory reform legislation, and CUNA will continue its strong engagement to momentum and see the bill move through the House.”
CUNA urged committee leadership to support the regulatory relief legislation that will aid in the removal of barriers that keep credit unions from fully servicing its members. The provisions CUNA supports will:
"This sets up an opportunity for the Senate to demonstrate that it can work together to pass legislation in a bipartisan way and we hope the House will quickly follow suit," said Nussle.
CUNA has long advocated for a bipartisan, common-sense solution to regulatory relief. Passage of this important legislation will create a more functional environment for credit unions and their 110 million members.
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 110 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org.