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Home » Sens. introduce bill to update e-signature requirements
Policy & Issues

Sens. introduce bill to update e-signature requirements

March 1, 2022
Cap1

Sens. John Thune (R-S.D.), Jerry Moran (R-Kansas), Todd Young (R-Ind.), and Marsha Blackburn (R-Tenn.) introduced the CUNA and League-supported E-SIGN Modernization Act Tuesday.

The bill would remove the requirement in the Electronic Signatures in Global and National Commerce Act requiring consumers to reasonably demonstrate their ability to access information electronically prior to consenting to electronic records.

“Enhancing consumer access to online services will ensure financial institutions can continue to meet consumer needs while taking advantage of digital advances,” said President/CEO Jim Nussle. “We thank the Senators for their leadership on this bill, which would increase financial access. introducing this bill to help balancing community health with financial well-being.”

CUNA supported the bill in the previous Congress, where it was passed by the Senate Commerce Committee.

Credit Union Magazine: Spring 2022

Spring 2022

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Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

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