CUNA sends letters to the Hill ahead of Congressional Hearings
WASHINGTON, DC (February 28, 2019) — Credit Union National Association (CUNA) is engaged in a variety of hearings in both chambers of Congress this week, including those on data privacy and diversity in financial services. Below please find details on the contents of each letter sent to the Hill prior to Tuesday’s committee hearings.
CUNA wrote to leadership of the Science and Transportation Committee to push for new federal protections regarding the use and security of data held by all businesses and entities. The current gaps in data protection and privacy laws hurt consumers and businesses as information is misused by criminals and other actors with malicious intent. Financial institutions are at the vanguard for misuse of stolen data. Although data security is a major issue for credit unions, CUNA recognizes that the problem is much bigger than the financial services industry with robust privacy and data security requirements for all industries becoming increasingly necessary.
CUNA and the World Council of credit unions called for a level playing field for smaller contractors, such as credit unions, when it comes to the U.S. Agency for International Development (USAID) prioritizing procurement reforms. The trade association is urging Congress to encourage the Administrator of the US Agency for International Development to prioritize procurement reforms that level the playing field for smaller development contractors, such as those credit unions and other cooperatives that helped achieve successful rural development in the United States in the 20th Century and which today have ties to organizations overseas that can help promote local self-reliance.
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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 cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.
