FOR IMMEDIATE RELEASE
CONTACT: Vicki Christner – CUNA Communications; (202) 508-6754; firstname.lastname@example.org
See the full letter below:
January 28, 2015
The Honorable Blaine Luetkemeyer The Honorable Brad Sherman
United State House of Representatives United States House of Representatives
2440 Rayburn House Office Building 2242 Rayburn House Office Building
Washington, D.C. 20515 Washington, D.C. 20515
Dear Representatives Luetkemeyer and Sherman:
On behalf of the Credit Union National Association (CUNA), I am writing in support of the Eliminate Privacy Notice Confusion Act. CUNA is the largest credit union advocacy organization in the United States, representing nearly 90% of America’s 6,500 state and federally chartered credit unions and their 102 million members. CUNA strongly supports this legislation and appreciates your continued leadership on this issue.
A voter survey indicated that fewer than one-quarter of consumers read the privacy notifications they receive, and over three-quarters of consumers would be more likely to read them if they were only sent when the financial institution changed its policy. This suggests that the public policy goal of privacy notifications would be better achieved if the notices had more meaning to consumers. We believe your bill achieves this end.
This legislation has enjoyed broad bipartisan support. It passed the House of Representatives by voice vote in both the 112th and 113th Congresses. Last Congress, it had 76 bipartisan cosponsors in the Senate. We look forward to its consideration during this Congress and to working with you to see its enactment. On behalf of America’s credit unions, thank you very much for your leadership on this matter.
President & CEO