As the Senate met for the final times last week before the August recess, CUNA stepped up its advocacy efforts, submitting a number of letters urging legislators to consider credit unions’ positions. CUNA also sent two letters to the National Credit Union Administration last week, regarding the Telephone Consumer Protection Act (TCPA) and the agency’s annual regulatory review.

Additionally, CUNA filed an amicus brief in a Texas interchange fee case Rowell et al v. Pettijohn. Similar to a brief CUNA filed in March in a Florida interchange fee case, the brief lays out how additional surcharges to credit card transactions would shift costs to consumers and financial institutions, while allowing merchants to continue to reap the benefits of the credit card system.

CUNA’s letters to the Senate last week included:

Calling the Cybersecurity Information Sharing Act (CISA) a “good start” but urging the Senate to adopt legislation that would establish a strong national data security standard, and recognize the standards financial institutions currently adhere to under the Gramm-Leach-Bliley Act;

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