The TCPA is impacting consumer-friendly communications between credit unions and their members, CUNA Senior Director of Advocacy and Counsel Leah Dempsey told a Federal Communications Bar Association panel discussion.
Draft legislation addressing data breaches was released Friday, two days after a CUNA witness testified before a House Financial Services subcommittee, and it contains the principles CUNA's witness said should be part of any legislation.
The Economic Growth, Regulatory Relief and Consumer Protection Act, would provide much-needed regulatory relief for credit unions and banks and lower the cost of borrowing for thousands of Indiana businesses, Kevin Ryan, president/CEO Financial Center First CU, Indianapolis, wrote in an op-ed that appeared in the Indy Star.
Key CUNA staff met with Acting Consumer CFPB Director Mick Mulvaney Thursday to discuss ways to provide credit unions with regulatory relief. CUNA has several advocacy goals for its work with the CFPB in 2018.
CUNA/league advocacy resulted in the NCUA board approving share insurance fund equity distributions at Thursday’s meetings, with the dividends expected to go to eligible credit unions in the third quarter of this year.