The credit union mission and structure is a tentpole of credit union advocacy because it resonates, CUNA Chief Advocacy Officer Ryan Donovan wrote, noting successful engagement with Sen. Elizabeth Warren (D-Mass.) over the last several months.
Credit unions could be spotted in every single Congressional building on Capitol Hill Wednesday as more than 5,200 credit union leaders visited with elected officials to tell stories about the credit union difference.
CUNA’s Consumer Protection Subcommittee met with CFPB Director Kathy Kraninger Wednesday as part of the group’s agenda while in Washington, D.C. for the CUNA GAC. CUNA leaders met with Kraninger last week.
Sen. Elizabeth Warren (D-Mass.) released an updated version of her housing legislation Wednesday, a version that reflects significant engagement between CUNA, leagues, credit unions and Warren and unlike the previous version, it would not require credit unions to comply with the Community Reinvestment Act.
Credit unions have a stake in the ongoing stability of the National Flood Insurance Program, CUNA wrote to House Financial Committee, saying for too long it has been a source of uncertainty and instability.
While CUNA supports efforts to track money laundering and terrorist financing, it told a House subcommittee Wednesday that it’s also important to strike the balance between the costs to financial institutions and the benefits to the federal government.
Credit unions are the alternative to the profit-driven model of commercial banking, CUNA wrote to the House Financial Services Committee Wednesday for its hearing looking into Wells Fargo and other big banks.
Vice President Mike Pence’s address to the CUNA GAC was one of the highlights of the GAC agenda Tuesday, but a lot more happened during the last full day of sessions at the largest credit union event in history.
CUNA’s Open Your Eyes to A Credit Union® initiative is already making an impression on consumers, with nine million digital impressions from million people and 1.5 million videos have been viewed to completion.