McLean Highlights Advocacy Priorities During Member Federal Issues Briefing
The Association held its Member Federal Issues Briefing yesterday, which was well attended by over sixty credit union officials from all member states. This member briefing, an annual event, is held to align with our preparations for the 2021 CUNA Governmental Affairs Conference.
Association President/CEO Ron McLean welcomed attendees and highlighted the Association’s strong presence at the conference this year, with representation from the Association’s Board of Directors, and credit union leaders from all member states. A special welcome was extended to the Association’s GAC Crashers, who were selected after a rigorous application process to participate in the program.
A special presentation from a Washington, DC credit union expert, Zachary Pfister, Policy Director, Brownstein Hyatt Farber Schreck, followed. Attendees received an update on the policy landscape and priorities for the new Administration, the 117th Congress and key committee leadership, and federal agencies such as the Consumer Financial Protection Bureau. Pfister provided an assessment of the priorities of local credit union leadership on the Hill, providing helpful perspective for members as they plan to head into virtual meetings with Association lawmakers throughout March as part of the conference.
The briefing then focused on the key issues for credit union focus. As the new session of Congress and a new Administration begins, bills continue to be released. At this time, there are very few pending bills directly on the issues presented. The introduction of bills is evolving and the Association will alert members to proposals of interest as they are introduced throughout the session. The discussion focused on the following issues:
- - COVID-19 relief for credit unions;
- - Removal of the member business loan cap;
- - Securitization of data and protection of consumer privacy;
- - The creation of a legal framework for cannabis banking;
- - Protecting private student loan options for consumers;
- - The advancement of financial inclusion for all;
- - Improvements to the Federal Credit Union Act;
- - Modernization of Bank Secrecy Act thresholds;
- - Ensuring a robust and responsible housing market;
- - Preservation of the credit union tax exempt status; and
- - Common sense mortgage forbearance repayment options.
In addition, the Association’s state Lawmaker Scorecards were reviewed, and information on the GAC Sweepstakes as part of the conference was provided.
The Association’s conference and state-specific materials and resources are available at our website at: https://www.ccua.org/advocacy/advocacy-events/2021-cuna-gac/.
The Member Issues Briefing PowerPoint Presentation reviewed during the briefing is available on the Association’s website HERE.
A credit union Key Issues and Talking Points are combined into one document available HERE.
As a reminder, the Association continues to secure meetings with members of the Delaware, Massachusetts, New Hampshire and Rhode Island Congressional Delegations throughout the month of March dependent on the virtual meeting schedules of lawmakers. Members will be notified of meetings by direct email from the Association as soon as they are available.
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