Legislative Update with Chesney

DakCU’s advocacy team in in Washington, DC for the “Hike the Hill” meetings this week. Plus, be sure to attend one of the Pints & Politics events at a location near you!  

Fun Fact: I was lucky enough to celebrate the Nationals' World Series win in 2019 by attending the victory parade!

Fall Hike the Hill brings Dakota credit union advocates to DC.
Good morning from Washington, DC! Before talking about what’s ahead for our team this week in our nation’s capital, I wanted to provide a friendly reminder about our two Pints & Politics events happening next week in SD. I hope to see many of you on September 16th at the Homesteader in Gregory at 6:00 p.m. and September 19th at The Galley in Webster at 6:00 p.m. For a complete list of Pints & Politics dates and locations, click here.

So, what are we up to in DC? Our DakCU Legislative and Regulatory Hike the Hill event is this week, with credit union professionals representing seven credit unions from across North and South Dakota traveling to Washington, D.C.
Credit unions represented include: Healthcare Plus FCU; Dakotaland FCU; Northern Hills FCU, Black Hills FCU, Western Cooperative CU, Town and Country CU, and First Community CU.

On the agenda today, we are discussing credit union issues with our regulators in a scheduled meeting with the CFPB and a tentative meeting with NCUA this afternoon. In the evening, we will be doing our debriefing at our hotel’s scenic rooftop venue, “Top of the Yard,” while enjoying a Nationals baseball game.
I’m pretty excited for this because I became a “Nats” fan after living in D.C.
We will close out the evening with a private tour of the Capitol building from
U.S. Representative Dusty Johnson.

Tomorrow, we will head up to Capitol Hill for meetings with both the North and South Dakota delegation. While we have a lot on our agenda; two focal points of legislation include:

• Homebuyers Privacy Protection Act (S. 3502): I spoke with Senator Thune’s staffers and got a positive update on the Homebuyers Privacy Protection Act (S. 3502), which is now part of the NDAA as a Hawley Amendment. It has a good chance of passing in the Senate, but we're less confident about its prospects in the House. We’ll keep monitoring its progress.
• Continued Conversations on Opposing “Protecting Consumers from Payment Scams Act” S. 4943 and H.R. 9303: Our advocacy team at DakCU has been having conversations with our federal delegation to oppose this legislation. Though the bill may sound positive, it would cause more harm than good for our credit unions. This legislation would amend the Electronic Fund Transfer Act (EFTA) to define an unauthorized transfer as one that includes a fraudulently induced transfer, requiring credit unions and other financial institutions to reimburse consumers for this type of fraud.

To close out the evening, we will be eating at one of my favorite restaurants in DC, Osteria Morini. We will be accompanied by the Defense Credit Union Council’s Chief Advocacy Officer, Jason Stverak.

I can’t wait to share the recap with you all next week! As always, don’t hesitate to contact me with any advocacy questions or concerns.

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