Author name: America's Credit Unions

Limits on arbitration would jeopardize access to affordable services

America’s Credit Unions is concerned with any potential legislation to restrict arbitration, the organization wrote to the Senate Judiciary Committee this week ahead of its Tuesday hearing on arbitration. America’s Credit Unions President/CEO Jim Nussle noted in the letter that arbitration can be an efficient means to resolve legal disputes, and the ability to quickly …

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America’s Credit Unions, Fed Vice Chair discuss interchange proposal concerns 

America’s Credit Unions Senior Vice President of Advocacy Greg Mesack met with Federal Reserve Vice Chair Philip Jefferson Monday to discuss the Fed’s debit card interchange proposal. America’s Credit Unions strongly opposes the proposal, and has pushed back on it with a multipronged approach  that includes meetings with both staff and Board members at the …

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House, Senate resolutions would void CFPB credit card late fees rule

Resolutions to nullify the CFPB’s credit card late fees rule via the Congressional Review Act (CRA) were introduced in the Senate by Sen. Tim Scott, R-S.C., and Rep. Andy Barr, R-Ky., Monday. America’s Credit Unions supports the resolutions as it strongly opposes the rule from the CFPB, which caps credit card late fees at $8. …

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Draft legislation introduced to set national data privacy standard

Legislators unveiled draft national data privacy legislation Sunday, and America’s Credit Unions is currently analyzing the complete text of the discussion draft. The American Privacy Rights Act was unveiled by House Energy and Commerce Committee Chair Cathy McMorris Rodgers, R-Wash., and Senate Commerce Committee Chair Maria Cantwell, D-Wash. Credit unions support the enactment of a …

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