Recently, the Nevada Credit Union League held meetings with Sen. Jacky Rosen (D-NV) and Rep. Susie Lee (D-NV), who represents Nevada’s 3rd Congressional District.
Lee discussed the Credit Card Competition Act (CCCA), artificial intelligence (AI), and stablecoin legislation with credit union leaders. The congresswoman shared about outreach to her office on swipe fees and that she would connect with artificial intelligence thought leaders at Carnegie Mellon University — her alma mater — for help in addressing AI issues.
The League informed Lee on credit union priorities around stablecoin: to protect consumers, ensure stablecoin users undergo the same rigorous exams as credit unions, and develop a federal oversight framework.
Similarly, Rosen also discussed the Credit Card Competition Act during her meeting with credit union constituents. The congresswoman has a deep understanding of the importance of fraud protection, as well as how interchange fees help pay for fraud protection measures — as the League has shared with her and others over the long term.
Rosen also noted she enjoys working with Sen. Dan Sullivan (R-AK), who earlier this year introduced legislation to exempt credit union loans made to veteran-owned businesses from the member business lending cap.