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Legislative Advocacy

Your Credit Union, Your Voice, Your Impact
The Leagues' Government Affairs team works diligently in Sacramento, Carson City, and Washington, D.C. We promote credit unions' legislative agenda, review hundreds of bills each year, and provide credit union leaders with opportunities to meet with legislators. Please take part in these essential advocacy efforts. (Continue to meet the staff...)
 
Federal Government Affairs

California and Nevada's voice in Washington D.C. The Leagues are the only Leagues with a full time staff dedicated to working with Congress, Government Agencies, and Federal Regulators. The resources in this area will help you keep informed of the latest developments and credit union priorities.

State Advocacy

State Government Advocacy efforts brings the voice of credit unions to Sacramento and Carson City. Our advocacy team works daily with elected officials, staff, the executive offices, gubernatorial appointees, and the decision-makers of California and Nevada. This area will keep you updated on all advocacy efforts at the state level of Government.

From the Editors of CU Weekly

CFPB'S NEW CREDIT SCORE DISCLOSURES
updated 03/10/14 05:25 PM
Also, Risk-Based Capital Webinar
The Consumer Financial Protection Bureau (CFPB) recently released a report regarding consumer complaints about credit reporting companies, which shows that 73 percent of credit reporting complaints are about incorrect information on a credit report, while 11 percent are about the dispute investigation process.

This led the CFPB to issue CFPB Bulletin 2014-01, reminding furnishers of their obligation under the Fair Credit Reporting Act (FCRA) to investigate disputed information in a consumer report.

In further response to the complaints about accuracy of information, CFPB Director Richard Cordray sent letters to the nation’s top credit card companies strongly encouraging them to make credit scores and related content “freely and regularly available to their customers on monthly statements or through online access.” The CFPB further states it will consider this a “best practice” in the industry.

The CFPB says several credit card companies are already offering this service to their customers, and suggests that a regularly available credit score may prompt more Americans to review their credit standing and access their free annual credit report.

The California and Nevada Credit Union Leagues are reminding credit unions there is no requirement that credit unions provide their members’ credit scores on credit card statements, or otherwise make them “regularly and freely available” online.

“The CFPB’s attempt to create such a standard by ‘strongly’ encouraging credit card companies to provide the information is very troubling, and a point the Leagues will raise with the agency,” said Sharon Lindeman, vice president of regulatory advocacy for the Leagues.

In addition, the Leagues will adamantly oppose any proposal from the CFPB to amend Regulation Z to require such disclosure of the credit score on credit card statements, and will use the opportunity to point out the operational and compliance burdens not contemplated or addressed by the CFPB’s current “suggestion.”

CUNA’s Free Risk-Based Capital Webinar
The Credit Union National Association (CUNA) is offering a free webinar on the National Credit Union Administration’s (NCUA) risk-based capital proposal from 1-2 p.m. (Pacific) on March 19.

As proposed, the risk-based capital rules could have a devastating effect on credit unions. The Leagues encourage all credit unions to participate in this webinar to learn more about the proposal, its potential impact, and how you can take action.

Speakers will include credit union CEOs who will share their perspectives on the proposal’s impact, as well as CUNA President and CEO Bill Cheney, CUNA Chief Economist Bill Hampel, CUNA General Counsel Eric Richard, and CUNA Deputy General Counsel Mary Dunn.

The webinar is limited to the first 500 CUNA member-registrants; however, it will be archived within 24 hours for member credit union professionals who want to hear it for the first time or listen again.

Click here to register.

 
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Grassroots Advocacy
Grassroots Advocacy efforts connects you to your government. Whether issues arise at the Federal or State level, you can be an advocate for your credit union by participating in our programs. Using traditional Grassroots tactics, the Leagues connects you to our cause.
 
PAC Programs

Political Action Committees are organized for the purpose of raising and spending money to elect and defeat candidates, representing business, labor or ideological interests.

Talking Points
If your credit union would like talking points for an issue, such as member business lending (MBL) or supplemental capital, the Leagues' Consumer Advocacy Department can develop one to suit your particular needs. Please contact Public Affairs and Consumer Advocacy Specialist Tina Ramos-Ingold at tinar@ccul.org, or by phone at 909-212-6050.