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| Credit Unions pursuing year-end Opportunities |
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With the midterms concluded, the possibility of year-end policy wins exists, America’s Credit Unions Chief Advocacy Officer Kathleen Coulombe wrote in CUInsight Thursday. While the organization is working to welcome new and returning members for the next Congress, America’s Credit Unions is fully engaged with priorities in the closing weeks of this Congress.
“Credit unions have spent all session laying the groundwork, meeting with lawmakers, and advocating for bipartisan pro-credit union legislation,” she wrote, adding, “with election pressure off members and Congress looking to clear its agenda, those months of work can bear fruit in three key areas: fraud and scam prevention, access and regulatory relief, and the broader regulatory and funding outlook.”
Two House Financial Services Committee-passed bills, the STOP Payments Fraud Act (H.R. 9331) and Taskforce for Recognizing and Averting Payment Scams (TRAPS) Act (H.R. 4936), could move forward, giving credit unions and other financial institutions additional resources to fight fraud.
The Senate is expected to move forward on several outstanding nominations, including Brian Johnson for CFPB director, and must-pass government and military funding bills also present the opportunity to attach credit union priorities.
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