CUNA, bankers call for passage of protection act

CUNA joined the Independent Community Bankers of America (ICBA) Wednesday in writing to House leadership to urge consideration and passage of the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155). CUNA strongly supports the bipartisan bill, which contains many relief provisions for credit unions. The bill passed the Senate in March. “On behalf of the 12,000 community […]

CUNA joined the Independent Community Bankers of America (ICBA) Wednesday in writing to House leadership to urge consideration and passage of the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155). CUNA strongly supports the bipartisan bill, which contains many relief provisions for credit unions. The bill passed the Senate in March.

“On behalf of the 12,000 community financial institutions represented by ICBA and CUNA, we urge you to schedule floor consideration of S. 2155 at the earliest opportunity,” reads the letter, signed by CUNA President/CEO Jim Nussle and ICBA President/CEO Cam Fine. “As this letter demonstrates, S. 2155 is a rare instance of agreement between our two trade associations. While we have our policy differences, we do agree that expeditious enactment of S. 2155 is an imperative for the community lenders we represent.”

The organizations thank the House for its work on legislation such as the Financial CHOICE Act (H.R. 10) for paving the way for the Senate ultimately producing S. 2155.

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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