This week, more than 60 credit union advocates from Alabama, Florida, and Georgia joined the League of Southeastern Credit Unions (LSCU) in Washington, D.C., for our annual fall Hike the Hill. Meeting with policymakers – from regulators to legislators – credit unions made a direct impact on proposed regulation and legislation.
Key priorities included blocking the Credit Card Competition Act and efforts to further regulate debit card interchange, supporting the SAFE Banking Act to protect financial institutions accepting cannabis business, exempting loans made to veteran-owned businesses from the member business lending cap through the Veteran Member Business Loan Act, passing the Credit Union Board Modernization Act to free up credit union resources and time, and restructuring the Consumer Financial Protection Bureau (CFPB) to ensure a more deliberate, accountable process.
From gaining cosponsors on important legislation to identifying new allies on Capitol Hill, credit unions made a difference this week in D.C. Direct member advocacy is key to moving credit union priorities through the legislative process, and LSCU is most grateful to everyone who made time to join us this week.
Be on the lookout for details about our 2024 state advocacy conferences and Credit Union National Association Governmental Affairs Conference (CUNA GAC) in the coming weeks!