![]() ![]() We would like to see this bill go further but support any legislation that begins to hold any business that has access to consumer data accountable to the same stringent data security and notification standards as credit unions and other financial institutions. We testified in support of a bill that would require anyone who has a data breach to notify the state police in addition to the attorney general so a criminal investigation can occur if appropriate. One bill the league asked to be introduced will raise the asset threshold for credit unions wishing to take advantage of access to funds through the State Treasurer and another would protect credit union employees acting in the best interest of their elderly members when they fear elder financial abuse. There are many proposed bills that were introduced that would affect credit unions as financial institutions and as business to still be scheduled for hearings, so that number will increase. The Connecticut League has provided testimony on more than nine bills so far during the 2017 Connecticut state legislative session. The conversations included discussing credit union issues, but also took included the opportunity to hear their plans and concerns for this Congress and what changes they anticipate after the election in November. ![]() The group also met with Financial Services Committee Chairman Jeb Hensarling and Foreign Affairs Committee Chairman and longtime credit union champion Ed Royce. In addition to meeting with some of our regular delegation, the group met with Speaker Paul Ryan, Majority Leader Kevin McCarthy and his key staff, the Majority Whip Steve Scalise, and Deputy Majority Whip Patrick McHenry. We have been more proactive in Wyoming, where we have been pushing for public funds legislation to allow public funds to be deposited in credit unions.Ī highlight last year was taking a group of credit union professionals from our three states on a visit to Congressional leaders in Washington, D.C. Last year the Mountain West Credit Union Association passed two modernization bills in Arizona and Colorado, so we have decided to use 2017 as a year to build relationships with new lawmakers and play defense.
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