America's Credit Unions set to testify at fraud hearing

House Financial Services Subcommittee on Financial Institutions Chairman Andy Barr, R-Ky., has invited America's Credit Unions to testify at the subcommittee's hearing focused on fighting fraud March 5. The hearing coincides with the Governmental Affairs Conference, the largest credit union advocacy event of the year where thousands of credit union advocates will be on Capitol Hill engaging directly with policymakers on priority issues, including fraud.

A credit union representative will testify on behalf of the association and its members to share how the credit union industry works to protect members from fraud and provide policy recommendations.

Fraud is surging and it costs American consumers billions of dollars each year. A collaborative approach to address fraud across all sectors is needed to protect credit unions and the consumers they serve against increased data security threats and attacks. America's Credit Unions consistently advocates for lawmakers and regulators to provide clear, tailored guidance, regulatory changes, and legislation that allows financial institutions to combat financial fraud.

America’s Credit Unions serves as the credit union industry’s leading voice in Washington, D.C., with research confirming that status and policymakers recognizing the organization as one of the most influential trade associations for prioritizing issues that credit unions care about most.