October 15, 2024

Dear Credit Union Leaders, 

Well, congratulations to our Tigers on a great run, and our Lions clearly reported as eligible to dominate Dallas last weekend!  With less than three weeks until its safe to watch live TV again, here are the updates you need.

Announcements

The next edition of “Cheers! To Compliance” will be held on December 13, speakers to be announced. For more information, please contact Brad (Bradley.Willett@mcul.org).

Advocacy

In Lansing, the state Senate continues to meet each week on policy issues as they begin to position issues for possible lame duck action. The Senate FICP Committee did not discuss bills dealing with garnishment and collections reform this week, although we anticipate a possible hearing in the next week or two. The Committee did entertain testimony on SB 888 and a series of trailer bills dealing with data privacy and notification issues, as well as a package of bills that would roll back protections for licensed entities offering legally regulated products and services in the state Consumer Protection Act. Backed by the Office of Attorney General (OAG), both bills also would provide the ability to OAG to compel testimony and documents outside of any formal hearing from any person they “reasonably believe” may have information or documentation relevant to a violation of these acts, without further due process protections. Legislative leaders remain tight-lipped about the prospects of amending the newly re-instated mandatory paid sick leave provisions and minimum wage increase before the end of the year. Labor organizations that supported the measures are urging the majorities in both chambers not to amend and let the laws become effective “as is”; however as stated in the last edition, optimism remains that there is bipartisan recognition of the challenges this would pose for small business (and in particular restaurants) around the state.

If you have not yet used it, an Action Alert has been set up to assist credit unions in contacting their members of the U.S. Congress to communicate opposition to the Protecting Consumers from Payment Scams Act (H.R. 9303 and S. 4943, respectively). These bills 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. We do not expect this to pass this session, but we want to stay ahead of it for next session and to continue to combat the growing drumbeat to shift accountability from other parties on to financial institutions. America’s Credit Unions and state and regional credit union leagues wrote to the House and Senate Armed Services Committees earlier this month to share the industry’s opposition to including any amendments that impose burdens on credit unions in the Fiscal Year 2025 National Defense Authorization Act (NDAA). Neither the House nor the Senate versions of this legislation contained any provisions related to interchange, financial institutions’ Electronic Fund Transfer Act/Regulation E liability for fraudulent transactions, or military banking matters, and we continue to maintain that these items should remain excluded from the final bill. 

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 about 2025 America’s Credit Unions GAC, the Michigan hotel block sold out extremely quickly. We do anticipate that rooms will open up, and there may still be rooms available through a broader America’s Credit Union room block at a number of hotels that are used for the event. If you have any questions, or haven’t yet added your name to the waitlist, please contact Todd (Todd.Jorns@mcul.org) to do so, and also 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 Oct. 28.

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. Tulio Liberati (D) – 2nd District
Rep. Karen Whitsett (D) – 4th District
Rep. Natalie Price (D) – 6th District
Rep. Joe Tate, Speaker of the House (D) – 10th District
Rep. Mai Xiong (D) – 13th District
Rep. Erin Byrnes (D) – 15th District
Rep. Stephanie Young (D) – 16th District
Rep. Matt Kolezar (D) – 22nd District

Rep. James DeSana (R) – 29th District

Rep. William Bruck (R) – 30th District
Rep. Reggie Miller (D) – 31st District
Morgan Foreman – 33rd District
Rep. Joey Andrews (D) – 38th District
Matt Longjohn (D) – 40th District
Rep. Julie Rogers (D) – 41st District
Rep. Matt Hall, House Republican Leader (R) – 42nd District
Rep. Sarah Lightner (R) – 45th District
Rep. Kathy Schmaltz (R) – 46th District
Rep. Ann Bollin (R) – 49th District
Jason Woolford (R) – 50th District
Rep. Brenda Carter (D) – 53rd District
Rep. Donni Steele (R) – 54th District
Rep. Mark Tisdel (R) – 55th District
Rep. Sharon MacDonnell (D) – 56th District
Rep. Nate Shannon (D) – 58th District
Rep. Joe Aragona (R) – 60th District
Rep. Denise Mentzer (D) – 61st District
Rep. Jaime Greene (R) – 65th District
Rep. Kara Hope (D) – 74th District
Rep. Penelope Tsernoglue (D) – 75th District
Rep. Angela Witwer (D) – 76th District
Rep. Gina Johnsen (R) – 78th District
Stephen Wooden (D) – 81st District
Rep. Carol Glanville (D) – 84th District
Rep. Bradley Slagh (R) – 85th District
Rep. Nancy DeBoer (R) – 86th District
Rep. Bryan Posthumus (R) – 90th District
Rep. Jerry Neyer (R) – 92nd District
Former Rep. Tim Kelly (R) – 93rd District
Rep. Amos O’Neal (D) – 94th District
Rep. Bill G. Schuette (R) – 95th District
Rep. Tom Kunse (R) – 100th District
Rep. Joseph Fox (R) – 101st District
Rep. Curt VanderWall (R) – 102nd District
Parker Fairbairn (R) – 107th District
Rep. David Prestin (R) – 108th District
Rep. Greg Markkanen (R) – 110th District

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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