League-Backed Bill to Ban Abusive Trigger Leads Signed Into Law
Late on Friday, Sept. 5, President Trump signed into law the bipartisan and League-supported Homebuyers Privacy Protection Act (H.R. 2808), more commonly known as the “Trigger Leads” bill. Trigger leads happen when a consumer applies for a mortgage, and their information is sold by consumer reporting agencies to other lenders. This usually results in a […]
Congress Returns to D.C.
Happy final week of August! The weather has been unseasonably cool in parts of the state this week, but if you’re a fan of hot air, do not fret! Congress returns from recess next week! Credit Union Advocacy Priorities All jokes aside, Congress’ return to session will ramp up a busy fall in advocacy. There’s […]
August Recess is Prep Time
August: it’s the end of summer, kids are heading back to school, federal politicians are in recess and that means we can all take the month off from advocacy, right? If only. While things move at a different pace during recess times, things are still, in fact, moving. August is the time to lay some […]
House Heads Home Early, Government Shutdown Looms
The U.S. House of Representatives has recessed for the summer after becoming paralyzed by an inability to decide on a path forward to release documents related to the Jeffrey Epstein underage sex trafficking investigation. The House will not return to session until Tuesday, Sept. 9, which will also mark day one of our fall Hike […]
Tennessee Financial Literacy Commission Seeks Support From Credit Unions
Since a 2010 act of the General Assembly founding it, the Tennessee Financial Literacy Commission has been a leader in the state’s financial literacy education space, helping coordinate education programs across the state. And since a 1923 act of the General Assembly establishing state-chartered credit unions in Tennessee, credit unions have been on the front […]
Mid-June Advocacy Update
There’s been a lot going on in D.C. this week. Here’s an overview. Homebuyer’s Privacy Protection Act Receives Markup and HFSC Passage Congressman Rose’s bill to curb the use of trigger leads in lending received a markup in the House Financial Services Committee yesterday. This is an important step toward the bill’s final passage and […]
Congressional Update: Credit Union Priorities and the Road Ahead
Last week, the House passed its version of the “Big Beautiful Bill” or H.R. 1, marking a significant initial win for the credit union industry—particularly regarding the preservation of the credit union tax exemption. Notably, the House version did not include any provisions that would alter or eliminate this vital exemption, representing a key victory […]
Next Steps for Don’t Tax My Credit Union
Earlier this week, the House Ways and Means Committee released its tax bill as its portion of the GOP-led House’s push on reconciliation this year. There is no mention of credit unions or our tax exemption anywhere in the 380-page document, which is a significant victory for our movement. A big thank you to everyone who wrote […]
What Can We Learn About the Impact of Taxation on Credit Unions in Australia?
With the taxation battle at the forefront of credit unions nationwide, it is vital to remind legislators about the importance of the credit union difference and why they are essential to the 140 million Americans who choose credit unions as their trusted financial partner. As the number one public policy issue facing U.S. credit unions […]
Credit Unions Must Join Forces in Tax-Exempt Fight
Credit unions play an integral role in the economic success of the state of Tennessee. We’re uniquely positioned to offer accessible financial services to communities that otherwise wouldn’t have a local option, and we invest heavily in the communities we serve to support their long-term growth. As not-for-profit financial institutions, we’re afforded tax-exempt status to […]