The annual State Capital Connections visits wrapped up this week with representatives from credit unions in the Northwest, North Piedmont, Foothill and Tarheel Chapters. In addition to discussing the value that credit unions are delivering in local communities, lawmakers were able to hear the credit union perspective on a number of consumer protection issues before the General Assembly this session.
“The League has several consumer-related bills on our radar this session, some good and some bad,” noted Lauren Whaley, NCCUL Director of Legislative and Regulatory Affairs. “We are working closely with lawmakers on legislation that will curb the growing problem of elder financial abuse. At the same time, fighting payday lenders and other abusive and predatory loan providers has been of importance. Having lawmakers hear first-hand accounts from credit unions on the need for greater consumer protections in these two arenas is very effective.”
Attendees also had the opportunity to discuss changes to the credit union statues that the League is seeking under legislation filed this week. The bill to amend the laws governing credit unions, HB 515
, was introduced on Wednesday by Representatives John Bell (R-10), Larry Hall (D-29), Andy Wells (R-96), and Jonathan Jordan (R-93) as primary sponsors and nearly 20 additional co-sponsors.