Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Luetkemeyer Praises CUs For Finding Common Ground
WASHINGTON (2/26/13)--Rep. Blaine Luetkemeyer (R-Mo.), speaking at the Credit Union National Association's Governmental Affairs Conference Tuesday, praised credit union leaders for their ability to find common ground and work with lawmakers on both sides of the aisle.

"We in this country, being the entrepreneurs that we are, have the opportunity to grow our industries and work with members and clients to make a difference in their lives," he said. "I think by being here today you want to make a difference."

Luetkemeyer said given the partisan political climate that pervades Washington today, making a difference is more challenging than ever. Even bills supported by both parties are subject to hang ups, he said.

"It's a lot like Murphy's Law: if something can go wrong it always will," Leutkemeyer said. "As a result we have to work past issues and find ways to work together even on small issues. But there always seem to be problem that can't be resolved."

In February, Luetkemeyer and Rep. Brad Sherman (D-Calif.) introduced "The Eliminate Privacy Notice Confusion Act." CUNA supports the bill, which it says would eliminate repetitive privacy notices that are often ignored by consumers (News Now Feb. 19). By eliminating a requirement that the notices be sent annually, and requiring them only to be sent when the privacy policy of a financial institution has changed, the notices become more meaningful for consumers, CUNA has stated.

The U.S. House unanimously passed an identical bill before the 112th Congress adjourned, but the Senate had not acted on the legislation. Therefore, the bill must be re-introduced for consideration in both chambers this year.


RSS print
News Now LiveWire
.@BelvoirFederal revamped the checking acct. it offers to active duty military members and achieved 23% growth on the product in 1 mo.
4 hours ago
.@FinancialCmte markup of Reg D Study Act set for Tuesday. CUNA will submit support letter. http://t.co/cDWkZ0Q0x1
8 hours ago
The 54th Western CUNA Management School graduated 89 students on July 25.
9 hours ago
.@CUNA Bank Secrecy Act training to reach 38 Mich. state examiners #NewsNow http://t.co/7HDPgwih8G
10 hours ago
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
7 25 ago