The passage of the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) was a result of CUNA, leagues and credit unions working together in a 360-degree advocacy approach, CUNA Chief Advocacy Officer Ryan Donovan said. Donovan appeared on CUBroadcast to talk about the legislation Wednesday.
“This is confirmation and affirmation that the CUNA/league system’s 360-degree advocacy approach is working. We had a plan coming into this Congress, and we knew we weren’t going to be able to succeed doing the things we’ve always done,” Donovan said. “We took a 360-degree approach to bringing common-sense regulation to credit unions, which means we’re not just relying on Congress, we worked with regulators.
“And it meant we weren’t going to rely on the folks in Washington to carry our water, we wanted to involve leagues, credit unions and credit union members so policymakers were saturated with our message. That strategy paid off,” Donovan added.
The interview also covers: