August 20, 2024

Dear Credit Union Leaders, 

Schools have started up already in many places around the state, football is just around the corner, and the Tigers are firmly out of contention in the AL Central – all traditional signs that Michigan Fall is almost here! As September approaches, here are the updates you need.

Announcements

Our Compliance Office Hours are normally held at 9:00 a.m. on the first Friday of every month.  However, due to the rescheduled ASFM Golf Outing, the next session will be held on the second Friday next month, Sept. 13.  Also, the next “Cheers! To Compliance” session is scheduled for Sept. 27. For more information, please contact Brad (Bradley.Willett@mcul.org).

Advocacy

In Lansing, the State Legislature has recessed for the summer.  The U.S. Congress has also recessed for in-district work.

When the legislature returns this fall, our team will continue its focus on proposed garnishment and collections reform as possible action approaches in Senate Committee. The Michigan Supreme Court’s recently-issued decision reinstating ballot-driven mandatory paid sick leave provisions and minimum wage increases will result in legislative efforts this fall by the greater business community, to re-amend the statutory provisions and alleviate some of the more harmful effects of the original proposal – our team will be engaged with the coalition and other stakeholders on these efforts. In addition, we will be carefully watching other efforts on GAP insurance, consumer protection act reforms, and working on changes to undo an inadvertent legislative error on consumer notice in new vehicle contracts in the Motor Vehicle Sales Finance Act.

As we mentioned in the last edition, U.S. Rep. Maxine Waters (D-CA), along with U.S. Sens. Richard Blumenthal (D-CT) and Elizabeth Warren (D-MA), introduced the Protecting Consumers from Payment Scams Act (H.R. 9303 and S. 4943, respectively). The bill would amend the Electronic Fund Transfer Act (EFTA) to define an unauthorized transfer as one that includes a fraudulently induced transfer, and requiring financial institutions to reimburse consumers for this type of fraud. It would also define merchant charges for undelivered goods as “errors” along with misdirected payments resulting from information a consumer initially provided. EFTA’s current carveout for wire transfers would also change, with the bill treating remittance transfers the same as other electronic fund transfers subject to EFTA’s framework for error resolution and consumer reimbursement. As an industry, we strongly oppose these bills. They are not expected to pass in the current session, but it will be important to ensure that this legislation does not gain any momentum for future sessions. An Action Alert has been set up to assist credit unions in contacting their members of the U.S. Congress to communicate opposition to this measure. If you haven’t already, we strongly encourage you to take action and let our Michigan delegation know of your opposition.

For a full update on state and federal regulatory action, please see the “Reg Corner” update in this edition of MILeague Minute.

Grassroots and Advocacy Funding

 As a reminder, Hike the Hill takes place from Sept. 9-11 in Washington, D.C. If you are attending and haven’t yet signed up, an optional bus tour that includes stops at the National Archives, Lincoln Memorial and Arlington National Cemetery has been added to the agenda for Sept. 11. Please visit our Hike the Hill website for more information on the tour and to register for it: Hike the Hill - Michigan Credit Union League (mcul.org). Should you have any questions about the Hike or need additional information, please contact Todd (Todd.Jorns@mcul.org).

We are excited to welcome our advocates to East Lansing for the rescheduled 2024 ASFM Golf Outing on Sept. 6! You can register to golf at here, and can also contribute as a sponsor for the event at here by clicking “other” and entering a sponsorship amount. Please contact Kieran (Kieran.Marion@mcul.org) with any questions!

Elections

As noted previously, the November General Election will take place on Nov. 5. As per our normal practice during election cycles, a full list of endorsed state and federal candidates will continue to be included at the bottom of this update and will be updated onto our website. The next meeting of the Executive Committee of the Government and Political Affairs Forum where endorsements will be considered is Aug. 26.

As always, thank you for all that you do for Michigan’s credit unions!  

Sincerely,

Patty Corkery and the MCUL Advocacy Team

 

2024 Election Endorsements:

U.S. Senate

U.S. Rep. Elissa Slotkin

U.S. House

U.S. Rep. Jack Bergman, 1st District
U.S. Rep. John Moolenaar, 2nd District
U.S. Rep. Hillary Scholten, 3rd District
U.S. Rep. Bill Huizenga, 4th District
U.S. Rep. Tim Walberg, 5th District
U.S. Rep. Debbie Dingell, 6th District
U.S. Rep. Lisa McClain, 9th District
U.S. Rep. John James, 10th District
U.S. Rep. Haley Stevens, 11th District
U.S. Rep. Rashida Tlaib, 12th District
U.S. Rep. Shri Thanedar, 13th District

State House of Representatives

Rep. Karen Whitsett (D) – 4^th District
Rep. Natalie Price (D) – 6^th District
Rep. Erin Byrnes (D) – 15^th District
Rep. Stephanie Young (D) – 16^th District
Rep. Matt Kolezar (D) – 22^nd District
Rep. William Bruck (R) – 30^th District
Rep. Reggie Miller (D) – 31^st District
Rep. Julie Rogers (D) – 41^st District
Rep. Sarah Lightner (R) – 45^th District
Rep. Kathy Schmaltz (R) – 46^th District
Rep. Ann Bollin (R) – 49^th District
Rep. Brenda Carter (D) – 53^rd District
Rep. Donni Steele (R) – 54^th District
Rep. Mark Tisdel (R) – 55^th District
Rep. Nate Shannon (D) – 58^th District
Rep. Joe Aragona (R) – 60^th District
Rep. Denise Mentzer (D) – 61^st District
Rep. Jaime Greene (R) – 65^th District
Rep. Kara Hope (D) – 74^th District
Rep. Penelope Tsernoglue (D) – 75^th District
Rep. Angela Witwer (D) – 76^th District
Rep. Gina Johnsen (R) – 78^th District
Rep. Carol Glanville (D) – 84^th District
Rep. Bradley Slagh (R) – 85^th District
Rep. Nancy DeBoer (R) – 86^th District
Rep. Jerry Neyer (R) – 92^nd District
Former Rep. Tim Kelly (R) – 93^rd District
Rep. Tom Kunse (R) – 100^th District
Rep. Joseph Fox (R) – 101^st District
Rep. Curt VanderWall (R) – 102^nd District
Rep. David Prestin (R) – 108^th District
Rep. Greg Markkanen (R) – 110^th District

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MCULAF is a state-registered political action committee that makes campaign contributions to candidates for elective office in Michigan. Contributions to MCULAF are not tax deductible. Contributions to MCULAF are completely voluntary and will be used for political purposes. You have the right to refuse without any reprisal. Must be 18 years or age or older to participate. Must be a qualified employee (professional, supervisory, managerial and administrative non-clerical position) of the MCUL & Affiliates or a member or qualified employee of an affiliated Michigan credit union. 

Contributions to MCULLAF are not considered charitable contributions or business expenses for income tax purposes. Contributions to MCULLAF are completely voluntary and will be used for political purposes. There shall be no reprisal for those who decide not to contribute. Must be a qualified member of a participating MCUL-affiliated credit union, U.S. citizen and 18-years of age or older to participate. 

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