Supporters Reintroduce MBL
Federal lawmakers have an in-district work period this week, resuming votes in Washington next week. Several pro-active bills from the previous legislative session were re-introduced last week, including legislation to raise the MBL cap, allow credit unions access to supplemental capital, and eliminate the annual privacy notice requirement unless there has been a change to the policy. The MCUL communicated with our entire congressional delegation on these issues, asking each of them to sign on as an “original” co-sponsors. Three members put their support behind these issues, and many more will consider co-sponsor support in the next few weeks.
CUNA’s most recent weekly regulatory Advocacy document can be found here: http://www.cuna.org/reg_advocacy/member/reg_reports/index.html. Additionally, here are some quick links to legislative and regulatory affairs information on the CUNA website:
Letters to Congress Testimony
Congressional Briefing Material
Legislative Briefing Document
Current Legislative Update
Legislative Update Archive
Current Regulatory Update
Regulatory Update Archive
Reps. Huizenga, Upton and Peters Sign on as Original Co-Sponsors
As the MCUL & Affiliates is pleased to report that Rep. Bill Huizenga (R-Zeeland), a member of the Financial Services Committee, signed on as an original co-sponsor last week of regulatory relief legislation introduced last week that would eliminate the requirement that privacy notices be sent annually, unless there has been a change to the policy. Additionally, Reps. Gary Peters (D-Bloomfield Township, member House Financial Services Committee) and Fred Upton (R-St. Joseph, Chairman, House Energy and Commerce Committee) signed on as original co-sponsors of legislation to raise the member business lending cap for credit unions. The MCUL is pleased to have their support as original co-sponsors. Click here to view the MCUL’s current federal legislative issue briefs.