CUNA letter supporting the Business of Insurance bill

WASHINGTON, DC (April 19, 2018) — Jim Nussle, Credit Union National Association president/CEO, released the following statement after Sen. Tim Scott (R-SC) introduced S. 2702, the Business of Insurance Regulatory Reform Act this evening to clarify the Consumer Financial Protection Bureau’s (CFPB) regulation of insurance products.

“The Business of Insurance Regulatory Reform Act is a common-sense piece of legislation that would bring more clarity to the regulation of insurance products,” said President/CEO Jim Nussle. “Credit unions support the efforts of the bipartisan group of cosponsors who are seeking to rectify the CFPB’s authority on this matter and thank Sen. Scott for introducing this bill.”

CUNA sent this letter to Senators Scott, Manchin, Baldwin, and Rounds in support of the bill.

About CUNA

Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 135 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit To find your nearest credit union, visit


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