Credit unions could be spotted in every single Congressional building on Capitol Hill Wednesday as more than 5,200 credit union leaders visited with elected officials to tell stories about the credit union difference. The visits are an annual tradition that is part of the CUNA Governmental Affairs Conference (GAC).
Credit unions from across America spent the day discussing the numerous issues and concerns. Specific issues raised in nearly every meeting included data security and privacy, the current expected credit loss (CECL) standard, Telephone Consumer Protection Act reform and the Consumer Financial Protection Financial Bureau.
“Data breaches at retailers is a major concern, especially because there are a lot of companies out there that collect our data and then just hold onto it,” said Dennis Tanimoto, president of the Hawaii Credit Union League.
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