As we speak, Congress is considering important legislation that will impact credit unions…
House Speaker Paul Ryan (R-WI) has announced that the House will consider S. Bill 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act as early as next week. Now is the ideal time to engage in grassroots advocacy!
The newly-proposed legislation includes:
- Regulatory relief for credit unions to preserve higher deposit rates and lower loan rates for members: Our larger banking competitors caused the need for compliance hoops after the financial crisis of 2008. This costs credit unions resources that could otherwise be committed to member benefits and value.
Stronger national data security standards for merchants: More stringent expectations of merchants would better protect consumers against fraud and credit unions against fraud losses.
Please contact your Representatives to urge support of S. 2155 when it comes before the House soon.
Our partners at the National Association of Federal Credit Unions (NAFCU) have built tools to help you engage with lawmakers. Using their Grassroots Action Center you can access legislator contact information, background information on these key issues, and other tools to take action.
Go directly to these sections within the Grassroots Action Center to learn more:
Support Regulatory Relief for Credit Unions
Support Legislation to Create National Data Security Standards for Merchants
Two Quick & Easy Ways to Make an Impact Right Now
1. Write your members of Congress and urge them to support S. 2155. Visit the direct sections above within the Grassroots Action Center to email pre-written verbiage to your Representative.
2. Several lawmakers are also active on social media where they engage with their constituents. Follow them on Twitter and “Like” them on Facebook. You can tweet them or leave comments on their Facebook pages about things you care about.
Example: I’m a member-owner of my credit union, Elements Financial. Protect my member value by supporting S. 2155: Economic Growth, Regulatory Relief and Consumer Protection Act.