FOR IMMEDIATE RELEASE
CONTACT: Vicki Christner – CUNA Communications; (202) 508-6754; email@example.com
“The fact is that an annual privacy notice requirement is unnecessary, costly and confusing to our members,” said President and CEO of CUNA, Jim Nussle. “Requiring the notice to be mailed only when the policy is changed will make the notice more meaningful to credit unions and their members. I thank Senators Moran and Heitkamp for their leadership on this important issue.”
Representatives Blaine Luetkemeyer (R-MO) and Brad Sherman (D-CA) introduced a companion bill in the U.S. House, the Eliminate Privacy Notice Confusion Act, earlier this year. This legislation has enjoyed broad bipartisan support in the past. In both the 112th and 113th Congresses, it passed the House of Representatives by voice vote. Last Congress, it had 76 bipartisan cosponsors in the Senate.