Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. We support the introduction of legislation that ensures all businesses, institutions and organizations that collect, use or share personal data are subject to national standards, to include language that preempts state requirements, among other things.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly changed our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting S. 539/H.R.4867, the Veterans Member Business Loan Act that would exempt credit union business loans to veterans from the member business lending cap and we are supporting H.R. 582/S.610, the Credit Union Board Modernization Act which would afford federal credit unions flexibility with regard to how often their boards meet. In addition, we are calling on Congress to pass H.R. 4868, the Member Business Loan Expansion Act, allowing the NCUA to extend the maturity limit on non-mortgage loans.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL is calling on Congress to pass bank secrecy act/anti-money laundering reforms and provide financial institutions relief from unnecessary, duplicate and burdensome rules and increase the SAR and CTR thresholds.
MCUL is educating members of our congressional delegation on the growing interest among credit union members and credit unions in cryptocurrency. We believe Congress should explore ways to regulate the delivery of financial services using digital currencies to ensure consumers are protected in the same way if they received financial services from a financial institution. We urge Congress to look for ways to enable credit unions and other financial institutions to provide digital assets, so that these services can be properly overseen by federal regulators. Finally, credit unions seek parity with other financial institutions in this area as credit unions must be able to offer digital/crypto products and services directly to their members in the same way that other institutions can to their customers. MCUL is urging Congress to amend H.R. 4766, the Clarity for Payment Stablecoins Act of 2023, to remove current competitive barriers for credit unions in stablecoin legislation.
MCUL remains opposed to a proposal by the U.S. Treasury Department and that has been discussed in Congress that would require financial institutions to report on an annual basis, the gross inflows and outflows, for member accounts (businesses and individuals). We have been educating our congressional delegation on the issue and urging them to reject including the proposal in future legislation.
Lastly, credit unions are not-for-profit member-owned financial institutions, owned by members they service. Credit unions consumer-focused model is self-regulating and a principal reason why credit unions are not covered by the Community Reinvestment Act (CRA). MCUL will educate members of the delegation of the work credit unions are doing to serve low/moderate-income, diverse communities and the negative impacts of including credit unions in the CRA. We will oppose efforts that would result in credit unions of any size being included in the CRA.
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
While MCUL takes no position on the issue of cannabis legalization, it supports the SAFE Banking Act, H.R. 2891/S.1323 and newly introduced legislation, the SAFER Banking Act, S.2860, that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. We are urging our congressional delegation to support S. 2860 and work with leadership to pass it.
MCUL stands opposed to efforts to change the existing credit card interchange system by expanding requirements under the so-called Durbin Amendment established under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. We have been educating our delegation on the importance of the current credit card interchange system with regard to ensuring consumer data remains secure and private and are asking our delegation to oppose S.1838/H.R. 3881, the Credit Card Competition Act of 2023 and help us ensure the bill does not pass.
We continue to educate our congressional delegation on voluntary overdraft protection services offered by credit unions and the value our members place on these services. MCUL is opposed to legislation that would severely limit a financial institution's ability to offer these voluntary services to our members.
MCUL supports and is calling for passage of H.R. 1059/S.1212, the SECURE Notarization Act that would establish minimum standards for electronic and remote notarization. The bill passed the U.S. House on 2/27/23 and we are urging the U.S. Senate to take it up and pass the bill. We are also educating our delegation on the importance of updating the 20 year old E-sign Act to better reflect how customers can signal their acceptance of electronic transactions.
MCUL is monitoring actions by Congress related to recent failures of banks and communicating with Michigan congressional offices that credit unions are structured different from other financial institutions are not part of these failures, credit unions were not part of the banking problems that led to Dodd-Frank in 2010 and therefore any legislation from Congress that seeks to address the problems at the banks should not place added burdens on credit unions.
MCUL is urging members of the delegation to co-sponsor S. 544, to provide a 3-year extension of CARES Act provisions related to the Central Liquidity Facility (CLF).
Duration: January 1, 2008
to
June 30, 2008
General Issues: Financial Institutions/Investments/Securities , Taxation/Internal Revenue Code , Banking , Budget/Appropriations
Spending: about $332,845 (But it's complicated. Here's why.)
It can be tricky to figure out how much an organization spent on a particular lobbying engagement. The law only requires lobbyists to report the amount they were paid for federal lobbying each quarter rounded to the nearest $10,000—and if it's less than $3,000 in a given quarter (or less than $13,000 for organizations with in-house lobbyists), they don't have to disclose it at all. Plus, some organizations include spending that doesn’t belong in the report—for instance, money spent lobbying state governments or other legal work.
Agencies lobbied since 2008: U.S. Senate, House of Representatives
Lobbyists
Lobbyists named here were listed on a filing related to this lobbying engagement. They may not be working on it now. Occasionally, a single lobbyist whose name is spelled two different ways on filings may be represented twice here.
Lobbyist
Covered positions?
Todd Jorns Staff Assistant- United States Senator John McCain
Scheduler- United States Senator John McCain
Legislative Liaison- United States Senator John McCain
Staff Assistant- United States Senate Commerce Committee, Subcommittee on Space, Science and Technology
David Adams n/a
Patrick La Pine n/a
Andrew Doerr n/a
Patrick LaPine n/a
Disclosures Filed
Once a lobbying engagement begins, the lobbyist or firm is required to file updates four times a year. Those updates sometimes change which lobbyists are involved or add new issues being discussed. When lobbyists stop working for a client, the firm is also supposed to file a report disclosing the end of the relationship.
1st Quarter, 2024
In Q1, Michigan Credit Union League had in-house lobbyists. The report was filed on April 18.
Original Filing: 301552846.xml
Lobbying Issues
Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. We support the introduction of legislation that ensures all businesses, institutions and organizations that collect, use or share personal data are subject to national standards, to include language that preempts state requirements, among other things.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly changed our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting S. 539/H.R.4867, the Veterans Member Business Loan Act that would exempt credit union business loans to veterans from the member business lending cap and we are supporting H.R. 582/S.610, the Credit Union Board Modernization Act which would afford federal credit unions flexibility with regard to how often their boards meet. In addition, we are calling on Congress to pass H.R. 4868, the Member Business Loan Expansion Act, allowing the NCUA to extend the maturity limit on non-mortgage loans.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL is calling on Congress to pass bank secrecy act/anti-money laundering reforms and provide financial institutions relief from unnecessary, duplicate and burdensome rules and increase the SAR and CTR thresholds.
MCUL is educating members of our congressional delegation on the growing interest among credit union members and credit unions in cryptocurrency. We believe Congress should explore ways to regulate the delivery of financial services using digital currencies to ensure consumers are protected in the same way if they received financial services from a financial institution. We urge Congress to look for ways to enable credit unions and other financial institutions to provide digital assets, so that these services can be properly overseen by federal regulators. Finally, credit unions seek parity with other financial institutions in this area as credit unions must be able to offer digital/crypto products and services directly to their members in the same way that other institutions can to their customers. MCUL is urging Congress to amend H.R. 4766, the Clarity for Payment Stablecoins Act of 2023, to remove current competitive barriers for credit unions in stablecoin legislation.
MCUL remains opposed to a proposal by the U.S. Treasury Department and that has been discussed in Congress that would require financial institutions to report on an annual basis, the gross inflows and outflows, for member accounts (businesses and individuals). We have been educating our congressional delegation on the issue and urging them to reject including the proposal in future legislation.
Lastly, credit unions are not-for-profit member-owned financial institutions, owned by members they service. Credit unions consumer-focused model is self-regulating and a principal reason why credit unions are not covered by the Community Reinvestment Act (CRA). MCUL will educate members of the delegation of the work credit unions are doing to serve low/moderate-income, diverse communities and the negative impacts of including credit unions in the CRA. We will oppose efforts that would result in credit unions of any size being included in the CRA.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports the SAFE Banking Act, H.R. 2891/S.1323 and newly introduced legislation, the SAFER Banking Act, S.2860, that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. We are urging our congressional delegation to support S. 2860 and work with leadership to pass it.
MCUL stands opposed to efforts to change the existing credit card interchange system by expanding requirements under the so-called Durbin Amendment established under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. We have been educating our delegation on the importance of the current credit card interchange system with regard to ensuring consumer data remains secure and private and are asking our delegation to oppose S.1838/H.R. 3881, the Credit Card Competition Act of 2023 and help us ensure the bill does not pass.
We continue to educate our congressional delegation on voluntary overdraft protection services offered by credit unions and the value our members place on these services. MCUL is opposed to legislation that would severely limit a financial institution's ability to offer these voluntary services to our members.
MCUL supports and is calling for passage of H.R. 1059/S.1212, the SECURE Notarization Act that would establish minimum standards for electronic and remote notarization. The bill passed the U.S. House on 2/27/23 and we are urging the U.S. Senate to take it up and pass the bill. We are also educating our delegation on the importance of updating the 20 year old E-sign Act to better reflect how customers can signal their acceptance of electronic transactions.
MCUL is monitoring actions by Congress related to recent failures of banks and communicating with Michigan congressional offices that credit unions are structured different from other financial institutions are not part of these failures, credit unions were not part of the banking problems that led to Dodd-Frank in 2010 and therefore any legislation from Congress that seeks to address the problems at the banks should not place added burdens on credit unions.
MCUL is urging members of the delegation to co-sponsor S. 544, to provide a 3-year extension of CARES Act provisions related to the Central Liquidity Facility (CLF).
Agencies Lobbied
U.S. Senate
4th Quarter, 2023
In Q4, Michigan Credit Union League had in-house lobbyists. The report was filed on Jan. 19.
Original Filing: 301531893.xml
Lobbying Issues
Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. We support the introduction of legislation that ensures all businesses, institutions and organizations that collect, use or share personal data are subject to national standards, to include language that preempts state requirements, among other things.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly changed our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting S. 539/H.R.4867, the Veterans Member Business Loan Act that would exempt credit union business loans to veterans from the member business lending cap and we are supporting H.R. 582/S.610, the Credit Union Board Modernization Act which would afford federal credit unions flexibility with regard to how often their boards meet. In addition, we are calling on Congress to pass H.R. 4868, the Member Business Loan Expansion Act, allowing the NCUA to extend the maturity limit on non-mortgage loans.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL is calling on Congress to pass bank secrecy act/anti-money laundering reforms and provide financial institutions relief from unnecessary, duplicate and burdensome rules and increase the SAR and CTR thresholds.
MCUL is educating members of our congressional delegation on the growing interest among credit union members and credit unions in cryptocurrency. We believe Congress should explore ways to regulate the delivery of financial services using digital currencies to ensure consumers are protected in the same way if they received financial services from a financial institution. We urge Congress to look for ways to enable credit unions and other financial institutions to provide digital assets, so that these services can be properly overseen by federal regulators. Finally, credit unions seek parity with other financial institutions in this area as credit unions must be able to offer digital/crypto products and services directly to their members in the same way that other institutions can to their customers. MCUL is urging Congress to amend H.R. 4766, the Clarity for Payment Stablecoins Act of 2023, to remove current competitive barriers for credit unions in stablecoin legislation.
MCUL remains opposed to a proposal by the U.S. Treasury Department and that has been discussed in Congress that would require financial institutions to report on an annual basis, the gross inflows and outflows, for member accounts (businesses and individuals). We have been educating our congressional delegation on the issue and urging them to reject including the proposal in future legislation.
Lastly, credit unions are not-for-profit member-owned financial institutions, owned by members they service. Credit unions consumer-focused model is self-regulating and a principal reason why credit unions are not covered by the Community Reinvestment Act (CRA). MCUL will educate members of the delegation of the work credit unions are doing to serve low/moderate-income, diverse communities and the negative impacts of including credit unions in the CRA. We will oppose efforts that would result in credit unions of any size being included in the CRA.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports the SAFE Banking Act, H.R. 2891/S.1323 and newly introduced legislation, the SAFER Banking Act, S.2860, that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. We are urging our congressional delegation to support S. 2860 and work with leadership to pass it.
MCUL stands opposed to efforts to change the existing credit card interchange system by expanding requirements under the so-called Durbin Amendment established under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. We have been educating our delegation on the importance of the current credit card interchange system with regard to ensuring consumer data remains secure and private and are asking our delegation to oppose S.1838/H.R. 3881, the Credit Card Competition Act of 2023 and help us ensure the bill does not pass.
We continue to educate our congressional delegation on voluntary overdraft protection services offered by credit unions and the value our members place on these services. MCUL is opposed to legislation that would severely limit a financial institution's ability to offer these voluntary services to our members.
MCUL supports and is calling for passage of H.R. 1059/S.1212, the SECURE Notarization Act that would establish minimum standards for electronic and remote notarization. The bill passed the U.S. House on 2/27/23 and we are urging the U.S. Senate to take it up and pass the bill. We are also educating our delegation on the importance of updating the 20 year old E-sign Act to better reflect how customers can signal their acceptance of electronic transactions.
MCUL is monitoring actions by Congress related to recent failures of banks and communicating with Michigan congressional offices that credit unions are structured different from other financial institutions are not part of these failures, credit unions were not part of the banking problems that led to Dodd-Frank in 2010 and therefore any legislation from Congress that seeks to address the problems at the banks should not place added burdens on credit unions.
MCUL is urging members of the delegation to co-sponsor S. 544, to provide a 3-year extension of CARES Act provisions related to the Central Liquidity Facility (CLF).
Agencies Lobbied
U.S. Senate
3rd Quarter, 2023
In Q3, Michigan Credit Union League had in-house lobbyists. The report was filed on Oct. 11, 2023.
Original Filing: 301499293.xml
Lobbying Issues
Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. We support the introduction of legislation that ensures all businesses, institutions and organizations that collect, use or share personal data are subject to national standards, to include language that preempts state requirements, among other things.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly changed our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting S. 539/H.R.4867, the Veterans Member Business Loan Act that would exempt credit union business loans to veterans from the member business lending cap and we are supporting H.R. 582/S.610, the Credit Union Board Modernization Act which would afford federal credit unions flexibility with regard to how often their boards meet. In addition, we are calling on Congress to pass H.R. 4868, the Member Business Loan Expansion Act, allowing the NCUA to extend the maturity limit on non-mortgage loans.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL is calling on Congress to pass bank secrecy act/anti-money laundering reforms and provide financial institutions relief from unnecessary, duplicate and burdensome rules and increase the SAR and CTR thresholds.
MCUL is educating members of our congressional delegation on the growing interest among credit union members and credit unions in cryptocurrency. We believe Congress should explore ways to regulate the delivery of financial services using digital currencies to ensure consumers are protected in the same way if they received financial services from a financial institution. We urge Congress to look for ways to enable credit unions and other financial institutions to provide digital assets, so that these services can be properly overseen by federal regulators. Finally, credit unions seek parity with other financial institutions in this area as credit unions must be able to offer digital/crypto products and services directly to their members in the same way that other institutions can to their customers. MCUL is urging Congress to amend H.R. 4766, the Clarity for Payment Stablecoins Act of 2023, to remove current competitive barriers for credit unions in stablecoin legislation.
MCUL remains opposed to a proposal by the U.S. Treasury Department and that has been discussed in Congress that would require financial institutions to report on an annual basis, the gross inflows and outflows, for member accounts (businesses and individuals). We have been educating our congressional delegation on the issue and urging them to reject including the proposal in future legislation.
Lastly, credit unions are not-for-profit member-owned financial institutions, owned by members they service. Credit unions consumer-focused model is self-regulating and a principal reason why credit unions are not covered by the Community Reinvestment Act (CRA). MCUL will educate members of the delegation of the work credit unions are doing to serve low/moderate-income, diverse communities and the negative impacts of including credit unions in the CRA. We will oppose efforts that would result in credit unions of any size being included in the CRA.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports the SAFE Banking Act, H.R. 2891/S.1323 and newly introduced legislation, the SAFER Banking Act, S.2860, that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. We are urging our congressional delegation to support S. 2860 and work with leadership to pass it.
MCUL stands opposed to efforts to change the existing credit card interchange system by expanding requirements under the so-called Durbin Amendment established under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. We have been educating our delegation on the importance of the current credit card interchange system with regard to ensuring consumer data remains secure and private and are asking our delegation to oppose S.1838/H.R. 3881, the Credit Card Competition Act of 2023 and help us ensure the bill does not pass.
We continue to educate our congressional delegation on voluntary overdraft protection services offered by credit unions and the value our members place on these services. MCUL is opposed to legislation that would severely limit a financial institution's ability to offer these voluntary services to our members.
MCUL supports and is calling for passage of H.R. 1059/S.1212, the SECURE Notarization Act that would establish minimum standards for electronic and remote notarization. The bill passed the U.S. House on 2/27/23 and we are urging the U.S. Senate to take it up and pass the bill. We are also educating our delegation on the importance of updating the 20 year old E-sign Act to better reflect how customers can signal their acceptance of electronic transactions.
MCUL is monitoring actions by Congress related to recent failures of banks and communicating with Michigan congressional offices that credit unions are structured different from other financial institutions are not part of these failures, credit unions were not part of the banking problems that led to Dodd-Frank in 2010 and therefore any legislation from Congress that seeks to address the problems at the banks should not place added burdens on credit unions.
MCUL is urging members of the delegation to co-sponsor S. 544, to provide a 3-year extension of CARES Act provisions related to the Central Liquidity Facility (CLF).
Agencies Lobbied
U.S. Senate
2nd Quarter, 2023
In Q2, Michigan Credit Union League had in-house lobbyists. The report was filed on July 7, 2023.
Original Filing: 301473679.xml
Lobbying Issues
Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. We support the introduction of legislation that ensures all businesses, institutions and organizations that collect, use or share personal data are subject to national standards, to include language that preempts state requirements, among other things.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly changed our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting S. 539, the Veterans Member Business Loan Act that would exempt credit union business loans to veterans from the member business lending cap and we are supporting H.R. 582/S.610, the Credit Union Board Modernization Act which would afford federal credit unions flexibility with regard to how often their boards meet.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL is calling on Congress to pass bank secrecy act/anti-money laundering reforms and provide financial institutions relief from unnecessary, duplicate and burdensome rules and increase the SAR and CTR thresholds.
MCUL is educating members of our congressional delegation on the growing interest among credit union members and credit unions in cryptocurrency. We believe Congress should explore ways to regulate the delivery of financial services using digital currencies to ensure consumers are protected in the same way if they received financial services from a financial institution. We urge Congress to look for ways to enable credit unions and other financial institutions to provide digital assets, so that these services can be properly overseen by federal regulators. Finally, credit unions seek parity with other financial institutions in this area as credit unions must be able to offer digital/crypto products and services directly to their members in the same way that other institutions can to their customers.
MCUL stands opposed to a proposal by the U.S. Treasury Department and that has been discussed in Congress that would require financial institutions to report on an annual basis, the gross inflows and outflows, for member accounts (businesses and individuals). We have been educating our congressional delegation on the issue and urging them to reject including the proposal in legislation.
Lastly, credit unions are not-for-profit member-owned financial institutions, owned by members they service. Credit unions consumer-focused model is self-regulating and a principal reason why credit unions are not covered by the Community Reinvestment Act (CRA). MCUL will educate members of the delegation of the work credit unions are doing to serve low/moderate-income, diverse communities and the negative impacts of including credit unions in the CRA. We will oppose efforts that would result in credit unions of any size being included in the CRA.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports the SAFE Banking Act, H.R. 2891/S.1323, that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. We are urging out congressional delegation to support the bill and work with leadership to pass it.
MCUL stands opposed to efforts to change the existing credit card interchange system by expanding requirements under the so-called Durbin Amendment established under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. We have been educating our delegation on the importance of the current credit card interchange system with regard to ensuring consumer data remains secure and private and are asking our delegation to oppose S.1838/H.R. 3881, the Credit Card Competition Act of 2023 and help us ensure the bill does not pass.
We continue to educate our congressional delegation on voluntary overdraft protection services offered by credit unions and the value our members place on these services. MCUL is opposed to legislation that would severely limit a financial institution's ability to offer these voluntary services to our members.
MCUL supports and is calling for passage of H.R. 1059, the SECURE Notarization Act that would establish minimum standards for electronic and remote notarization. The bill passed the U.S. House on 2/27/23 and we are urging the U.S. Senate to take it up and pass the bill. We are also educating our delegation on the importance of updating the 20 year old E-sign Act to better reflect how customers can signal their acceptance of electronic transactions.
MCUL is monitoring actions by Congress related to recent failures of banks and communicating with Michigan congressional offices that credit unions are structured different from other financial institutions are not part of these failures, credit unions were not part of the banking problems that led to Dodd-Frank in 2010 and therefore any legislation from Congress that seeks to address the problems at the banks should not place added burdens on credit unions.
Agencies Lobbied
U.S. Senate
1st Quarter, 2023
In Q1, Michigan Credit Union League had in-house lobbyists. The report was filed on April 18, 2023.
Original Filing: 301454278.xml
Lobbying Issues
Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. We support the introduction of legislation that ensures all businesses, institutions and organizations that collect, use or share personal data are subject to national standards, to include language that preempts state requirements, among other things.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly changed our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting S. 539, the Veterans Member Business Loan Act that would exempt credit union business loans to veterans from the member business lending cap and we are supporting H.R. 582/S.610, the Credit Union Board Modernization Act which would afford federal credit unions flexibility with regard to how often their boards meet.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL is calling on Congress to pass bank secrecy act/anti-money laundering reforms and provide financial institutions relief from unnecessary, duplicate and burdensome rules and increase the SAR and CTR thresholds.
MCUL is educating members of our congressional delegation on the growing interest among credit union members and credit unions in cryptocurrency. We believe Congress should explore ways to regulate the delivery of financial services using digital currencies to ensure consumers are protected in the same way if they received financial services from a financial institution. We urge Congress to look for ways to enable credit unions and other financial institutions to provide digital assets, so that these services can be properly overseen by federal regulators. Finally, credit unions seek parity with other financial institutions in this area as credit unions must be able to offer digital/crypto products and services directly to their members in the same way that other institutions can to their customers.
MCUL stands opposed to a proposal by the U.S. Treasury Department and that has been discussed in Congress that would require financial institutions to report on an annual basis, the gross inflows and outflows, for member accounts (businesses and individuals). We have been educating our congressional delegation on the issue and urging them to reject including the proposal in legislation.
Lastly, credit unions are not-for-profit member-owned financial institutions, owned by members they service. Credit unions consumer-focused model is self-regulating and a principal reason why credit unions are not covered by the Community Reinvestment Act (CRA). MCUL will educate members of the delegation of the work credit unions are doing to serve low/moderate-income, diverse communities and the negative impacts of including credit unions in the CRA. We will oppose efforts that would result in credit unions of any size being included in the CRA.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports the introduction of legislation in the 118th Congress that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal.
MCUL stands opposed to efforts to change the existing interchange system by expanding requirements under the so-called Durbin Amendment established under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. We have been educating our delegation on the importance of the current credit card interchange system with regard to ensuring consumer data remains secure and private and are asking our delegation to oppose any legislation that makes changes to the current interchange system.
We continue to educate our congressional delegation on voluntary overdraft protection services offered by credit unions and the value our members place on these services. MCUL is opposed to legislation that would severely limit a financial institution's ability to offer these voluntary services to our members.
MCUL supports and is calling for passage of H.R. 1059, the SECURE Notarization Act that would establish minimum standards for electronic and remote notarization. The bill passed the U.S. House on 2/27/23 and we are urging the U.S. Senate to take it up and pass the bill. We are also educating our delegation on the importance of updating the 20 year old E-sign Act to better reflect how customers can signal their acceptance of electronic transactions.
MCUL is monitoring actions by Congress related to recent failures of banks and communicating with Michigan congressional offices that credit unions are structured different from other financial institutions are not part of these failures, credit unions were not part of the banking problems that led to Dodd-Frank in 2010 and therefore any legislation from Congress that seeks to address the problems at the banks should not place added burdens on credit unions.
Agencies Lobbied
U.S. Senate
4th Quarter, 2022
In Q4, Michigan Credit Union League had in-house lobbyists. The report was filed on Jan. 30, 2023.
Original Filing: 301445241.xml
Lobbying Issues
Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. We support legislation, including H.R. 8152, the American Data Privacy and Protection Act, that ensures all businesses, institutions and organizations that collect, use or share personal data are subject to national standards, to include language that preempts state requirements, among other things.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly changed our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting S.762 and H.R. 5189, to increase the limit on federal credit union loan maturity. MCUL supports H.R. 6889/S.4325, the Credit Union Board Modernization Act, that would afford federal credit unions flexibility with regard to how often their boards meet.
We support passage of the H.R. 7003/S.4879, the Expanding Finance Access for Underserved Communities Act, which would allow federal credit unions to add underserved communities to their fields of membership, exempt business loans by FCU's in underserved areas from the member business lending cap and expand the definition of an underserved area to include areas that are more than 10 miles from the nearest financial institution branch. The bill passed the House of Representatives in 2022 as part of a multi-bill financial service-related package.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL supports congressional efforts, including H.R. 2040, to reform bank secrecy act/anti-money laundering reforms and provide financial institutions relief from unnecessary, duplicate and burdensome rules. H.R. 2040 would increase the CTR threshold from $10,000 to $30,000 and adjust the SAR threshold from $5,000 to $10,000 for most financial institutions.
MCUL is educating members of our congressional delegation on the growing interest among credit union members and credit unions in cryptocurrency. We believe Congress should explore ways to regulate the delivery of financial services using digital currencies to ensure consumers are protected in the same way if they received financial services from a financial institution. We urge Congress to look for ways to enable credit unions and other financial institutions to provide digital assets, so that these services can be properly overseen by federal regulators. Finally, credit unions seek parity with other financial institutions in this area as credit unions must be able to offer digital/crypto products and services directly to their members in the same way that other institutions can to their customers.
MCUL stands opposed to a proposal by the U.S. Treasury Department that would require financial institutions to report on an annual basis, the gross inflows and outflows, for member accounts (businesses and individuals). We have been educating our congressional delegation on the issue and urging them to reject including the proposal in legislation.
Lastly, credit unions are not-for-profit member-owned financial institutions, owned by members they service. Credit unions consumer-focused model is self-regulating and a principle reason why credit unions are not covered by the Community Reinvestment Act (CRA). MCUL will educate members of the delegation of the work credit unions are doing to serve low/moderate-income, diverse communities and the negative impacts of including credit unions in the CRA. We will oppose efforts that would result in credit unions of any size being included in the CRA.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports legislation in the 117th Congress that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. MCUL supports the SAFE Banking Act of 2021, S. 910 and H.R. 1996 which would provide a safe harbor for credit unions and other financial institutions.
MCUL stands opposed to efforts to change the existing interchange system by expanding requirements under the so-called Durbin Amendment established under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. We have been educating our delegation on the importance of the current credit card interchange system with regard to ensuring consumer data remains secure and private and are asking our delegation to oppose S. 4674/H.R. 8874, the Credit Card Competition Act of 2022 because of the harm it would do to credit unions, their members, along with other financial institutions and their customers.
We continue to educate our congressional delegation on voluntary overdraft protection services offered by credit unions and the value our members place on these services. MCUL is opposed to legislation (H.R. 4277 and S. 2677) that would severely limit a financial institutions ability to offer these voluntary services to our members.
MCUL supports and is calling for passage of H.R. 3962 and S.1625, the SECURE Notarization Act that would establish minimum standards for electronic and remote notarization. We are also educating our delegation on the importance of updating the 20 year old E-sign Act to better reflect how customers can signal their acceptance of electronic transactions.
MCUL is opposed to S. 2508, the Veteran's and Consumer Fair Credit Act that would extend provisions of the Military Lending Act (MLA), which establishes a 36% all-in rate cap on most loans to service members, to all consumer loans. The all-in cap would make it very difficult for credit unions to maintain viable small-dollar programs and severely hinder a state credit union's ability to offer overdraft products.
Agencies Lobbied
U.S. Senate
3rd Quarter, 2022
In Q3, Michigan Credit Union League had in-house lobbyists. The report was filed on Oct. 20, 2022.
Original Filing: 301415289.xml
Lobbying Issues
Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. We support legislation, including H.R. 8152, the American Data Privacy and Protection Act, that ensures all businesses, institutions and organizations that collect, use or share personal data are subject to national standards, to include language that preempts state requirements, among other things.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly changed our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting S.762 and H.R. 5189, to increase the limit on federal credit union loan maturity. MCUL supports H.R. 6889/S.4325, the Credit Union Board Modernization Act, that would afford federal credit unions flexibility with regard to how often their boards meet.
We support passage of the H.R. 7003/S.4879, the Expanding Finance Access for Underserved Communities Act, which would allow federal credit unions to add underserved communities to their fields of membership, exempt business loans by FCU's in underserved areas from the member business lending cap and expand the definition of an underserved area to include areas that are more than 10 miles from the nearest financial institution branch. The bill passed the House of Representatives in 2022 as part of a multi-bill financial service-related package.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL supports congressional efforts, including H.R. 2040, to reform bank secrecy act/anti-money laundering reforms and provide financial institutions relief from unnecessary, duplicate and burdensome rules. H.R. 2040 would increase the CTR threshold from $10,000 to $30,000 and adjust the SAR threshold from $5,000 to $10,000 for most financial institutions.
MCUL is educating members of our congressional delegation on the growing interest among credit union members and credit unions in cryptocurrency. We believe Congress should explore ways to regulate the delivery of financial services using digital currencies to ensure consumers are protected in the same way if they received financial services from a financial institution. We urge Congress to look for ways to enable credit unions and other financial institutions to provide digital assets, so that these services can be properly overseen by federal regulators. Finally, credit unions seek parity with other financial institutions in this area as credit unions must be able to offer digital/crypto products and services directly to their members in the same way that other institutions can to their customers.
MCUL stands opposed to a proposal by the U.S. Treasury Department that would require financial institutions to report on an annual basis, the gross inflows and outflows, for member accounts (businesses and individuals). We have been educating our congressional delegation on the issue and urging them to reject including the proposal in legislation.
Lastly, credit unions are not-for-profit member-owned financial institutions, owned by members they service. Credit unions consumer-focused model is self-regulating and a principle reason why credit unions are not covered by the Community Reinvestment Act (CRA). MCUL will educate members of the delegation of the work credit unions are doing to serve low/moderate-income, diverse communities and the negative impacts of including credit unions in the CRA. We will oppose efforts that would result in credit unions of any size being included in the CRA.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports legislation in the 117th Congress that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. MCUL supports the SAFE Banking Act of 2021, S. 910 and H.R. 1996 which would provide a safe harbor for credit unions and other financial institutions.
MCUL stands opposed to efforts to change the existing interchange system by expanding requirements under the so-called Durbin Amendment established under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. We have been educating our delegation on the importance of the current credit card interchange system with regard to ensuring consumer data remains secure and private and are asking our delegation to oppose S. 4674/H.R. 8874, the Credit Card Competition Act of 2022 because of the harm it would do to credit unions, their members, along with other financial institutions and their customers.
We continue to educate our congressional delegation on voluntary overdraft protection services offered by credit unions and the value our members place on these services. MCUL is opposed to legislation (H.R. 4277 and S. 2677) that would severely limit a financial institutions ability to offer these voluntary services to our members.
MCUL supports and is calling for passage of H.R. 3962 and S.1625, the SECURE Notarization Act that would establish minimum standards for electronic and remote notarization. We are also educating our delegation on the importance of updating the 20 year old E-sign Act to better reflect how customers can signal their acceptance of electronic transactions.
MCUL is opposed to S. 2508, the Veteran's and Consumer Fair Credit Act that would extend provisions of the Military Lending Act (MLA), which establishes a 36% all-in rate cap on most loans to service members, to all consumer loans. The all-in cap would make it very difficult for credit unions to maintain viable small-dollar programs and severely hinder a state credit union's ability to offer overdraft products.
Agencies Lobbied
U.S. Senate
2nd Quarter, 2022
In Q2, Michigan Credit Union League had in-house lobbyists. The report was filed on July 20, 2022.
Original Filing: 301391327.xml
Lobbying Issues
Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. We support legislation that ensures all businesses, institutions and organizations that collect, use or share personal data are subject to national standards, to include language that preempts state requirements, among other things.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly change our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting S.762 and H.R. 5189, to increase the limit on federal credit union loan maturity. MCUL supports H.R. 2311, the Credit Union Governance Modernization Act of 2021 that was signed into law earlier this year. The bill updates how federal credit unions can handle violent members or members that have or seek to commit fraud against the credit union. The bill provides an important update to the FCUA and prioritizes member and credit union staff safety.
We support passage of the H.R. 7003, the Expanding Finance Access for Underserved Communities Act, which would allow federal credit unions to add underserved communities to their fields of membership, exempt business loans by FCU's in underserved areas from the member business lending cap and expand the definition of an underserved area to include areas that are more than 10 miles from the nearest financial institution branch. The bill recently passed the House of Representatives as part of a multi-bill financial service related package.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL supports congressional efforts, including H.R. 2040, to reform bank secrecy act/anti-money laundering reforms and provide financial institutions relief from unnecessary, duplicate and burdensome rules. H.R. 2040 would increase the CTR threshold from $10,000 to $30,000 and adjust the SAR threshold from $5,000 to $10,000 for most financial institutions.
MCUL is educating members of our congressional delegation on the growing interest among credit union members and credit unions in cryptocurrency. We believe Congress should explore ways to regulate the delivery of financial services using digital currencies to ensure consumers are protected in the same way if they received financial services from a financial institution. We urge Congress to look for ways to enable credit unions and other financial institutions to provide digital assets, so that these services can be properly overseen by federal regulators. Finally, credit unions seek parity with other financial institutions in this area as credit unions must be able to offer digital/crypto products and services directly to their members in the same way that other institutions can to their customers.
MCUL stands opposed to a proposal by the U.S. Treasury Department that would require financial institutions to report on an annual basis, the gross inflows and outflows, for member accounts (businesses and individuals). We have been educating our congressional delegation on the issue and urging them to reject including the proposal in legislation.
Lastly, credit unions are not-for-profit member-owned financial institutions, owned by members they service. Credit unions consumer-focused model is self-regulating and a principle reason why credit unions are not covered by the Community Reinvestment Act (CRA). MCUL will educate members of the delegation of the work credit unions are doing to serve low/moderate-income, diverse communities and the negative impacts of including credit unions in the CRA. We will oppose efforts that would result in credit unions of any size being included in the CRA.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports legislation in the 117th Congress that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. MCUL supports the SAFE Banking Act of 2021, S. 910 and H.R. 1996 which would provide a safe harbor for credit unions and other financial institutions.
MCUL stands opposed to efforts to change the existing interchange system by expanding requirements under the so-called Durbin Amendment established under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. We will continue to educate our delegation members on the importance of interchange and harms that would be caused by expanding it.
We continue to educate our congressional delegation on voluntary overdraft protection services offered by credit unions and the value our members place on these services. MCUL is opposed to legislation (H.R. 4277 and S. 2677) that would severely limit a financial institutions ability to offer these voluntary services to our members.
MCUL supports and is calling for passage of H.R. 3962 and S.1625, the SECURE Notarization Act that would establish minimum standards for electronic and remote notarization. We are also educating our delegation on the importance of updating the 20 year old E-sign Act to better reflect how customers can signal their acceptance of electronic transactions.
Agencies Lobbied
U.S. Senate
1st Quarter, 2022
In Q1, Michigan Credit Union League had in-house lobbyists. The report was filed on April 13, 2022.
Original Filing: 301345492.xml
Lobbying Issues
Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. We support legislation that ensures all businesses, institutions and organizations that collect, use or share personal data are subject to national standards, to include language that preempts state requirements, among other things.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly change our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting S.762 and H.R. 5189, to increase the limit on federal credit union loan maturity. Additionally, as a result of the ongoing COVID-19 crisis, Rep. Brad Sherman (D-CA-30) introduced legislation we are supporting, H.R. 6550, the Access to Credit for Small Businesses Impacted by the COVID-19 Crisis Act. The bill would exempt credit union loans related to the pandemic from the MBL for a period of three years. MCUL supports H.R. 2311, the Credit Union Governance Modernization Act of 2021 that was recently signed into law. The bill updates how federal credit unions can handle violent members or members that have or seek to commit fraud against the credit union. The bill provides an important update to the FCUA and prioritizes member and credit union staff safety.
We support passage of the H.R. 7003, the Expanding Finance Access for Underserved Communities Act, which would allow federal credit unions to add underserved communities to their fields of membership, exempt business loans by FCU's in underserved areas from the member business lending cap and expand the definition of an underserved area to include areas that are more than 10 miles from the nearest financial institution branch.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL supports congressional efforts, including H.R. 2040, to reform bank secrecy act/anti-money laundering reforms and provide financial institutions relief from unnecessary, duplicate and burdensome rules. H.R. 2040 would increase the CTR threshold from $10,000 to $30,000 and adjust the SAR threshold from $5,000 to $10,000 for most financial institutions.
MCUL is educating members of our congressional delegation on the growing interest among credit union members and credit unions in cryptocurrency. We believe Congress should explore ways to regulate the delivery of financial services using digital currencies to ensure consumers are protected in the same way if they received financial services from a financial institution. We urge Congress to look for ways to enable credit unions and other financial institutions to provide digital assets, so that these services can be properly overseen by federal regulators. Finally, credit unions seek parity with other financial institutions in this area as credit unions must be able to offer digital/crypto products and services directly to their members in the same way that other institutions can to their customers.
MCUL stands opposed to a proposal by the U.S. Treasury Department that would require financial institutions to report on an annual basis, the gross inflows and outflows, for member accounts (businesses and individuals). We have been educating our congressional delegation on the issue and urging them to reject including the proposal in legislation.
Lastly, credit unions are not-for-profit member-owned financial institutions, owned by members they service. Credit unions consumer-focused model is self-regulating and a principle reason why credit unions are not covered by the Community Reinvestment Act (CRA). MCUL will educate members of the delegation of the work credit unions are doing to serve low/moderate-income, diverse communities and the negative impacts of including credit unions in the CRA. We will oppose efforts that would result in credit unions of any size being included in the CRA.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports legislation in the 117th Congress that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. MCUL supports the SAFE Banking Act of 2021, S. 910 and H.R. 1996 which would provide a safe harbor for credit unions and other financial institutions.
MCUL stands opposed to efforts to change the existing interchange system by expanding requirements under the so-called Durbin Amendment established under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. We will continue to educate our delegation members on the importance of interchange and harms that would be caused by expanding it.
We continue to educate our congressional delegation on voluntary overdraft protection services offered by credit unions and the value our members place on these services. MCUL is opposed to legislation (H.R. 4277 and S. 2677) that would severely limit a financial institutions ability to offer these voluntary services to our members.
MCUL supports and is calling for passage of H.R. 3962 and S.1625, the SECURE Notarization Act that would establish minimum standards for electronic and remote notarization. We are also educating our delegation on the importance of updating the 20 year old E-sign Act to better reflect how customers can signal their acceptance of electronic transactions.
Agencies Lobbied
U.S. Senate
4th Quarter, 2021
In Q4, Michigan Credit Union League had in-house lobbyists. The report was filed on Jan. 19, 2022.
Original Filing: 301327106.xml
Lobbying Issues
Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. We support legislation that ensures all businesses, institutions and organizations that collect, use or share personal data are subject to national standards, to include language that preempts state requirements, among other things.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly change our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting S.762, to eliminate the restriction on federal credit union loan maturity. Additionally, as a result of the ongoing COVID-19 crisis, Rep. Brad Sherman (D-CA-30) introduced legislation we are supporting, H.R. 6550, the Access to Credit for Small Businesses Impacted by the COVID-19 Crisis Act. The bill would exempt credit union loans related to the pandemic from the MBL for a period of three years. MCUL supports H.R. 2311, the Credit Union Governance Modernization Act of 2021 makes updates to how federal credit unions can handle violent members or members that have or seek to commit fraud against the credit union. The bill provides an important update to the FCUA and prioritizes member and credit union staff safety.
We support passage of the Expanding Finance Access for Underserved Communities Act which would allow federal credit unions to add underserved communities to their fields of membership, exempt business loans by FCU's in underserved areas from the member business lending cap and expand the definition of an underserved area to include areas that are more than 10 miles from the nearest financial institution branch.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL supports congressional efforts, including H.R. 2040, to reform bank secrecy act/anti-money laundering reforms and provide financial institutions relief from unnecessary, duplicate and burdensome rules. H.R. 2040 would increase the CTR threshold from $10,000 to $30,000 and adjust the SAR threshold from $5,000 to $10,000 for most financial institutions.
MCUL stands opposed to a proposal by the U.S. Treasury Department that would require financial institutions to report on an annual basis, the gross inflows and outflows, for member accounts (businesses and individuals). We have been educating our congressional delegation on the issue and urging them to reject including the proposal in legislation.
Lastly, credit unions are not-for-profit member-owned financial institutions, owned by members they service. Credit unions consumer-focused model is self-regulating and a principle reason why credit unions are not covered by the Community Reinvestment Act (CRA). MCUL will educate members of the delegation of the work credit unions are doing to serve low/moderate-income, diverse communities and the negative impacts of including credit unions in the CRA. We will oppose efforts that would result in credit unions of any size being included in the CRA.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports legislation in the 117th Congress that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. MCUL supports the SAFE Banking Act of 2021, S. 910 and H.R. 1996 which would provide a safe harbor for credit unions and other financial institutions.
MCUL stands opposed to efforts to change the existing interchange system by expanding requirements under the so-called Durbin Amendment established under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. We will continue to educate our delegation members on the importance of interchange and harms that would be caused by expanding it.
We continue to educate our congressional delegation on voluntary overdraft protection services offered by credit unions and the value our members place on these services. MCUL is opposed to legislation (H.R. 4277 and S. 2677) that would severely limit a financial institutions ability to offer these voluntary services to our members.
MCUL supports and is calling for passage of H.R. 3962 and S.1625, the SECURE Notarization Act that would establish minimum standards for electronic and remote notarization. We are also educating our delegation on the importance of updating the 20 year old E-sign Act to better reflect how customers can signal their acceptance of electronic transactions.
Agencies Lobbied
U.S. Senate
3rd Quarter, 2021
In Q3, Michigan Credit Union League had in-house lobbyists. The report was filed on Oct. 7, 2021.
Original Filing: 301297122.xml
Lobbying Issues
Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. We support legislation that ensures all businesses, institutions and organizations that collect, use or share personal data are subject to national standards, to include language that preempts state requirements, among other things.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly change our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting S.762, to eliminate the restriction on federal credit union loan maturity. Additionally, as a result of the ongoing COVID-19 crisis, Rep. Brad Sherman (D-CA-30) introduced legislation we are supporting, H.R. 6550, the Access to Credit for Small Businesses Impacted by the COVID-19 Crisis Act. The bill would exempt credit union loans related to the pandemic from the MBL for a period of three years. MCUL supports H.R. 2311, the Credit Union Governance Modernization Act of 2021 makes updates to how federal credit unions can handle violent members or members that have or seek to commit fraud against the credit union. The bill provides an important update to the FCUA and prioritizes member and credit union staff safety.
Lastly, we support passage of the Expanding Finance Access for Underserved Communities Act which would allow federal credit unions to add underserved communities to their fields of membership, exempt business loans by FCU's in underserved areas from the member business lending cap and expand the definition of an underserved area to include areas that are more than 10 miles from the nearest financial institution branch.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL supports congressional efforts, including H.R. 2040, to reform bank secrecy act/anti-money laundering reforms and provide financial institutions relief from unnecessary, duplicate and burdensome rules. H.R. 2040 would increase the CTR threshold from $10,000 to $30,000 and adjust the SAR threshold from $5,000 to $10,000 for most financial institutions.
MCUL will educate members of the Michigan congressional delegation on the importance of voluntary overdraft protection services/products for members and member support for the services/products. We will oppose legislative efforts to limit the ability of financial institutions to offer these voluntary/opt in services.
MCUL stands opposed to a proposal by the U.S. Treasury Department that would require financial institutions to report on an annual basis, the gross inflows and outflows, for member accounts (businesses and individuals). We have been educating our congressional delegation on the issue and urging them to reject including the proposal in legislation.
Lastly, credit unions are not-for-profit member-owned financial institutions, owned by members they service. Credit unions consumer-focused model is self-regulating and a principle reason why credit unions are not covered by the Community Reinvestment Act (CRA). MCUL will educate members of the delegation of the work credit unions are doing to serve low/moderate-income, diverse communities and the negative impacts of including credit unions in the CRA. We will oppose efforts that would result in credit unions of any size being included in the CRA.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports legislation in the 117th Congress that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. MCUL supports the SAFE Banking Act of 2021, S. 910 and H.R. 1996 which would provide a safe harbor for credit unions and other financial institutions.
Agencies Lobbied
U.S. Senate
2nd Quarter, 2021
Michigan Credit Union League amended a lobbying report for in-house lobbying in Q22021 on July 21, 2021
Original Filing: 301292164.xml
Lobbying Issues
Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. We support legislation that ensures all businesses, institutions and organizations that collect, use or share personal data are subject to national standards, to include language that preempts state requirements, among other things.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly change our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting S.762, to eliminate the restriction on federal credit union loan maturity. Additionally, as a result of the ongoing COVID-19 crisis, Rep. Brad Sherman (D-CA-30) introduced legislation we are supporting, H.R. 6550, the Access to Credit for Small Businesses Impacted by the COVID-19 Crisis Act. The bill would exempt credit union loans related to the pandemic from the MBL for a period of three years. MCUL supports H.R. 2311, the Credit Union Governance Modernization Act of 2021 makes updates to how federal credit unions can handle violent members or members that have or seek to commit fraud against the credit union. The bill provides an important update to the FCUA and prioritizes member and credit union staff safety.
Lastly, we support passage of the Expanding Finance Access for Underserved Communities Act which would allow federal credit unions to add underserved communities to their fields of membership, exempt business loans by FCU's in underserved areas from the member business lending cap and expand the definition of an underserved area to include areas that are more than 10 miles from the nearest financial institution branch.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL supports congressional efforts, including H.R. 2040, to reform bank secrecy act/anti-money laundering reforms and provide financial institutions relief from unnecessary, duplicate and burdensome rules. H.R. 2040 would increase the CTR threshold from $10,000 to $30,000 and adjust the SAR threshold from $5,000 to $10,000 for most financial institutions.
MCUL will educate members of the Michigan congressional delegation on the importance of voluntary overdraft protection services/products for members and member support for the services/products. We will oppose legislative efforts to limit the ability of financial institutions to offer these voluntary/opt in services.
Lastly, credit unions are not-for-profit member-owned financial institutions, owned by members they service. Credit unions consumer-focused model is self-regulating and a principle reason why credit unions are not covered by the Community Reinvestment Act (CRA). MCUL will educate members of the delegation of the work credit unions are doing to serve low/moderate-income, diverse communities and the negative impacts of including credit unions in the CRA. We will oppose efforts that would result in credit unions of any size being included in the CRA.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports legislation in the 117th Congress that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. MCUL supports the SAFE Banking Act of 2021, S. 910 and H.R. 1996 which would provide a safe harbor for credit unions and other financial institutions.
Agencies Lobbied
U.S. Senate
2nd Quarter, 2021
In Q2, Michigan Credit Union League had in-house lobbyists. The report was filed on July 20, 2021.
Original Filing: 301284273.xml
Lobbying Issues
Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. We support legislation that ensures all businesses, institutions and organizations that collect, use or share personal data are subject to national standards, to include language that preempts state requirements, among other things.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly change our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting S.762, to eliminate the restriction on federal credit union loan maturity. Additionally, as a result of the ongoing COVID-19 crisis, Rep. Brad Sherman (D-CA-30) introduced legislation we are supporting, H.R. 6550, the Access to Credit for Small Businesses Impacted by the COVID-19 Crisis Act. The bill would exempt credit union loans related to the pandemic from the MBL for a period of three years.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL supports congressional efforts, including H.R. 2040, to reform bank secrecy act/anti-money laundering reforms and provide financial institutions relief from unnecessary, duplicate and burdensome rules. H.R. 2040 would increase the CTR threshold from $10,000 to $30,000 and adjust the SAR threshold from $5,000 to $10,000 for most financial institutions.
MCUL supported/supports passage of legislation making reforms to the Paycheck Protection Act, including the PPP Extension Act of 2021 which extends the application period from March 31st to May 31, 2021.
MCUL will educate members of the Michigan congressional delegation on the importance of voluntary overdraft protection services/products for members and member support for the services/products. We will oppose legislative efforts to limit the ability of financial institutions to offer these voluntary/opt in services.
Lastly, credit unions are not-for-profit member-owned financial institutions, owned by members they service. Credit unions consumer-focused model is self-regulating and a principle reason why credit unions are not covered by the Community Reinvestment Act (CRA). MCUL will educate members of the delegation of the work credit unions are doing to serve low/moderate-income, diverse communities and the negative impacts of including credit unions in the CRA. We will oppose efforts that would result in credit unions of any size being included in the CRA.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports legislation in the 117th Congress that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. MCUL supports the SAFE Banking Act of 2021, S. 910 and H.R. 1996 which would provide a safe harbor for credit unions and other financial institutions.
Agencies Lobbied
U.S. Senate
1st Quarter, 2021
In Q1, Michigan Credit Union League had in-house lobbyists. The report was filed on April 19, 2021.
Original Filing: 301258187.xml
Lobbying Issues
Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. We support legislation that ensures all businesses, institutions and organizations that collect, use or share personal data are subject to national standards, to include language that preempts state requirements, among other things.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly change our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting S.762, to eliminate the restriction on federal credit union loan maturity. Additionally, as a result of the ongoing COVID-19 crisis, Rep. Brad Sherman (D-CA-30) introduced legislation we are supporting, H.R. 6550, the Access to Credit for Small Businesses Impacted by the COVID-19 Crisis Act. The bill would exempt credit union loans related to the pandemic from the MBL for a period of three years.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL supports congressional efforts, including H.R. 2040, to reform bank secrecy act/anti-money laundering reforms and provide financial institutions relief from unnecessary, duplicate and burdensome rules. H.R. 2040 would increase the CTR threshold from $10,000 to $30,000 and adjust the SAR threshold from $5,000 to $10,000 for most financial institutions.
MCUL supported/supports passage of legislation making reforms to the Paycheck Protection Act, including the PPP Extension Act of 2021 which extends the application period from March 31st to May 31, 2021.
MCUL will educate members of the Michigan congressional delegation on the importance of voluntary overdraft protection services/products for members and member support for the services/products. We will oppose legislative efforts to limit the ability of financial institutions to offer these voluntary/opt in services.
Lastly, credit unions are not-for-profit member-owned financial institutions, owned by members they service. Credit unions consumer-focused model is self-regulating and a principle reason why credit unions are not covered by the Community Reinvestment Act (CRA). MCUL will educate members of the delegation of the work credit unions are doing to serve low/moderate-income, diverse communities and the negative impacts of including credit unions in the CRA. We will oppose efforts that would result in credit unions of any size being included in the CRA.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports legislation in the 117th Congress that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. MCUL supports the SAFE Banking Act of 2021, S. 910 and H.R. 1996 which would provide a safe harbor for credit unions and other financial institutions.
Agencies Lobbied
U.S. Senate
4th Quarter, 2020
In Q4, Michigan Credit Union League had in-house lobbyists. The report was filed on Jan. 14, 2021.
Original Filing: 301230959.xml
Lobbying Issues
Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. We support the recently introduced SAFE DATA Act (S. 4626) as a base bill and will call on Congress to amend the bill to ensure all businesses, institutions and organizations that collect, use or share personal data are subject to national standards, to include language that preempts state requirements, among other things.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly change our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting H.R. 1661, a bill that would provide the NCUA flexibility to increase non-mortgage loan maturity limits for federal credit unions. We are also supporting H.R. 2305 and S.2834, a bill that would exempt business loans to veterans from the member business loan cap. Additionally, we support H.R. 7963 to allow expulsion for cause of an unruly/abusive member; S. 3326, to remove outdated duties for credit union boards and remove the requirement for credit unions to provide NCUA with the names of its loan officers from the FCUA; and the Board Governance Modernization Act, to modify the FCUA requirement that credit union boards meet once a month to not less than six times per year. Finally, we support H.R. 6789 and S. 3676 that would exempt credit union loans related to the COVID-19 pandemic from the MBL for a period of three years.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL supports congressional efforts, including H.R. 2514, the COUNTER Act, and S.2563, the ILLICIT CASH Act, to reform bank secrecy act/anti-money laundering reforms and provide financial institutions relief from unnecessary, duplicate and burdensome rules. We supported language in the House version of the National Defense Authorization Act that would index the currency transaction report threshold for inflation and supported language in H.R. 6395 that would require a study on CTR and SAR reporting threshold and reduce regulatory burden on financial institutions by not requiring them to gather and submit beneficial ownership info to FINCEN.
MCUL supported/supports passage of legislation making reforms to the Paycheck Protection Act, including the Paycheck Protection Flexibility Act of 2020 (P.L. 116-142), S. 4116 (extending the authority under PPP until August 8), and the Paycheck Protection Small Business Forgiveness Act (S. 4117).
We are also requesting Congress include in any Phase 4 emergency stimulus bill: S. 4117, providing small businesses with PPP loans under $150k with automatic forgiveness; S. 3620, establishing a housing assistance fund; S.4159; a bill to modernize the E-Sign Act to reflect advancements in technology over the past 20 years and streamline how consumers consent to receiving electronic documents and remove barriers that some face to receiving important documents; approve $1 billion in CDFI fund; include language to better effectuate electronic and remote notarizations; extend CARES Act provisions, specifically related to the Central Liquidity Facility and Troubled Debt Restructuring. Finally, we are educating Congress on provisions in the HEROES Act we believe to be harmful to financial institutions and our members, including moratoriums on foreclosures, evictions, and collections and provisions dealing with negative credit reporting and adverse information on credit reports and urging Congress to taking our concerns into consideration if they proceed with addressing these issues in a Phase 4 bill.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports legislation in the 116th Congress that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. MCUL supports the SAFE Banking Act of 2019, H.R. 1595 and S. 1200 which would provide a safe harbor for credit unions and other financial institutions.
Agencies Lobbied
U.S. Senate
3rd Quarter, 2020
In Q3, Michigan Credit Union League had in-house lobbyists. The report was filed on Oct. 20, 2020.
Original Filing: 301218435.xml
Lobbying Issues
Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. We support the recently introduced SAFE DATA Act (S. 4626) as a base bill and will call on Congress to amend the bill to ensure all businesses, institutions and organizations that collect, use or share personal data are subject to national standards, to include language that preempts state requirements, among other things.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly change our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting H.R. 1661, a bill that would provide the NCUA flexibility to increase non-mortgage loan maturity limits for federal credit unions. We are also supporting H.R. 2305 and S.2834, a bill that would exempt business loans to veterans from the member business loan cap. Additionally, we support H.R. 7963 to allow expulsion for cause of an unruly/abusive member; S. 3326, to remove outdated duties for credit union boards and remove the requirement for credit unions to provide NCUA with the names of its loan officers from the FCUA; and the Board Governance Modernization Act, to modify the FCUA requirement that credit union boards meet once a month to not less than six times per year. Finally, we support H.R. 6789 and S. 3676 that would exempt credit union loans related to the COVID-19 pandemic from the MBL for a period of three years.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL supports congressional efforts, including H.R. 2514, the COUNTER Act, and S.2563, the ILLICIT CASH Act, to reform bank secrecy act/anti-money laundering reforms and provide financial institutions relief from unnecessary, duplicate and burdensome rules. We support language in the House version of the National Defense Authorization Act that would index the currency transaction report threshold for inflation.
MCUL supported/supports passage of legislation making reforms to the Paycheck Protection Act, including the Paycheck Protection Flexibility Act of 2020 (P.L. 116-142), S. 4116 (extending the authority under PPP until August 8), and the Paycheck Protection Small Business Forgiveness Act (S. 4117).
We are also requesting Congress include in any Phase 4 emergency stimulus bill: S. 4117, providing small businesses with PPP loans under $150k with automatic forgiveness; S. 3620, establishing a housing assistance fund; S.4159; a bill to modernize the E-Sign Act to reflect advancements in technology over the past 20 years and streamline how consumers consent to receiving electronic documents and remove barriers that some face to receiving important documents; approve $1 billion in CDFI fund; include language to better effectuate electronic and remote notarizations. Finally, we are educating Congress on provisions in the HEROES Act we believe to be harmful to financial institutions and our members, including moratoriums on foreclosures, evictions, and collections and provisions dealing with negative credit reporting and adverse information on credit reports and urging Congress to taking our concerns into consideration if they proceed with addressing these issues in a Phase 4 bill.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports legislation in the 116th Congress that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. MCUL supports the SAFE Banking Act of 2019, H.R. 1595 and S. 1200 which would provide a safe harbor for credit unions and other financial institutions.
Agencies Lobbied
U.S. Senate
2nd Quarter, 2020
In Q2, Michigan Credit Union League had in-house lobbyists. The report was filed on July 20, 2020.
Original Filing: 301199549.xml
Lobbying Issues
Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. Currently, we are not supporting any specific legislation.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly change our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting H.R. 1661, a bill that would provide the NCUA flexibility to increase non-mortgage loan maturity limits for federal credit unions. We are also supporting H.R. 2305 and S.2834, a bill that would exempt business loans to veterans from the member business loan cap. Additionally, we support S. 3233 to allow expulsion for cause of an unruly member; S. 3326, to remove outdated duties for credit union boards and remove the requirement for credit unions to provide NCUA with the names of its loan officers from the FCUA; and the Board Governance Modernization Act, to modify the FCUA requirement that credit union boards meet once a month to not less than six times per year.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL supports congressional efforts, including H.R. 2514, the COUNTER Act, and S.2563, the ILLICIT CASH Act, to reform bank secrecy act/anti-money laundering reforms and provide financial institutions relief from unnecessary, duplicate and burdensome rules.
MCUL supported/supports passage of legislation making reforms to the Paycheck Protection Act, including the Paycheck Protection Flexibility Act of 2020 (P.L. 116-142), S. 4116 (extending the authority under PPP until August 8), and the Paycheck Protection Small Business Forgiveness Act (S. 4117).
We are also requesting Congress include in any Phase 4 emergency stimulus bill: S. 4117, providing small businesses with PPP loans under $150k with automatic forgiveness; S. 3620, establishing a housing assistance fund; S.4159; a bill to modernize the E-Sign Act to reflect advancements in technology over the past 20 years and streamline how consumers consent to receiving electronic documents and remove barriers that some face to receiving important documents; approve $1 billion in CDFI fund; include language to better effectuate electronic and remote notarizations. Finally, we are educating Congress on provisions in the HEROES Act we believe to be harmful to financial institutions and our members, including moratoriums on foreclosures, evictions, and collections and provisions dealing with negative credit reporting and adverse information on credit reports and urging Congress to taking our concerns into consideration if they proceed with addressing these issues in a Phase 4 bill.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports legislation in the 116th Congress that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. MCUL supports the SAFE Banking Act of 2019, H.R. 1595 and S. 1200 which would provide a safe harbor for credit unions and other financial institutions.
MCUL supports S. 1564 and H.R. 3182, legislation that would result in a delay and study of FASB's CECL accounting standard until more in understood about it's impact on consumers, the economy and financial institutions, including credit unions. We are asking members of the congressional to co-sponsor the bills.
Agencies Lobbied
U.S. Senate
1st Quarter, 2020
In Q1, Michigan Credit Union League had in-house lobbyists. The report was filed on April 17, 2020.
Original Filing: 301169185.xml
Lobbying Issues
Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. Currently, we are not supporting any specific legislation.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly change our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting H.R. 1661, a bill that would provide the NCUA flexibility to increase non-mortgage loan maturity limits for federal credit unions. We are also supporting H.R. 2305 and S.2834, a bill that would exempt business loans to veterans from the member business loan cap. Additionally, we support S. 3233 to allow expulsion for cause of an unruly member; S. 3326, to remove outdated duties for credit union boards and remove the requirement for credit unions to provide NCUA with the names of its loan officers from the FCUA; and the Board Governance Modernization Act, to modify the FCUA requirement that credit union boards meet once a month to not less than six times per year.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL supports congressional efforts, including H.R. 2514, the COUNTER Act, and S.2563, the ILLICIT CASH Act, to reform bank secrecy act/anti-money laundering reforms and provide financial institutions relief from unnecessary, duplicate and burdensome rules.
MCUL supported passage of the CARES Act, H.R. 748 and called for the inclusion of several provisions in the bill, including language to:
Exempt credit union business loans made during federally declared disasters and emergencies from the Credit Union Member Business Lending Cap;
Exempt fully government-guaranteed loans made through programs at the Small Business Administration, Department of Agriculture and other agencies from the Credit Union Member Business Lending Cap;
Ensure that any new small business lending programs created through the Small Business Administration or other government agencies include an opportunity for credit unions to participate; and
Increase appropriations for the Community Development Financial Institution Fund (CDFIF), the Community Development Revolving Loan Fund (CDRLF), and the Community Development Financial Institutions (CDFI) Fund.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports legislation in the 116th Congress that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. MCUL supports the SAFE Banking Act of 2019, H.R. 1595 and S. 1200 which would provide a safe harbor for credit unions and other financial institutions.
MCUL supports S. 1564 and H.R. 3182, legislation that would result in a delay and study of FASB's CECL accounting standard until more in understood about it's impact on consumers, the economy and financial institutions, including credit unions. We are asking members of the congressional to co-sponsor the bills.
Agencies Lobbied
U.S. Senate
4th Quarter, 2019
In Q4, Michigan Credit Union League had in-house lobbyists. The report was filed on Jan. 17, 2020.
Original Filing: 301109219.xml
Lobbying Issues
Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. Currently, we are not supporting any specific legislation.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly change our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting H.R. 1661, a bill that would provide the NCUA flexibility to increase non-mortgage loan maturity limits for federal credit unions. We are also supporting H.R. 2305 and S.2834, a bill that would exempt business loans to veterans from the member business loan cap.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL supports efforts to curb illegal and harassing robocalls and is monitoring congressional efforts to do so. Credit unions must ensure any legislation to end illegal robocalls takes into consideration the unique interests of our members (each of which is a shareholder of the credit union) and that institutions maintain the ability to contact their members for legitimate reasons, such as when an account is overdrawn. MCUL supported assage of H.R. 3375 and ultimately passage of the Pallone Thune TRACED Act, S. 151.
MCUL supports congressional efforts, including H.R. 2514, the COUNTER Act, and S.2563, the ILLICIT CASH Act, to reform bank secrecy act/anti-money laundering reforms and provide financial institutions relief from unnecessary, duplicate and burdensome rules.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports legislation in the 116th Congress that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. MCUL supports the SAFE Banking Act of 2019, H.R. 1595 and S. 1200 which would provide a safe harbor for credit unions and other financial institutions.
MCUL supports S. 1564 and H.R. 3182, legislation that would result in a delay and study of FASB's CECL accounting standard until more in understood about it's impact on consumers, the economy and financial institutions, including credit unions. We are asking members of the congressional to co-sponsor the bills.
Agencies Lobbied
U.S. Senate
3rd Quarter, 2019
In Q3, Michigan Credit Union League had in-house lobbyists. The report was filed on Oct. 18, 2019.
Original Filing: 301069900.xml
Lobbying Issues
Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. Currently, we are not supporting any specific legislation.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly change our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting H.R. 1661, a bill that would provide the NCUA flexibility to increase non-mortgage loan maturity limits for federal credit unions. We are also supporting H.R. 2305, a bill that would exempt business loans to veterans from the member business loan cap.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL supports efforts to curb illegal and harassing robocalls and is monitoring congressional efforts to do so. Credit unions must ensure any legislation to end illegal robocalls takes into consideration the unique interests of our members (each of which is a shareholder of the credit union) and that institutions maintain the ability to contact their members for legitimate reasons, such as when an account is overdrawn. MCUL supported recent passage of H.R. 3375.
MCUL supports congressional efforts, including H.R. 2514, the COUNTER Act, to reform bank secrecy act/anti-money laundering reforms.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports legislation in the 116th Congress that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. MCUL supports the SAFE Banking Act of 2019, H.R. 1595 and S. 1200 which would provide a safe harbor for credit unions and other financial institutions.
MCUL supports S. 1564 and H.R. 3182, legislation that would result in a delay and study of FASB's CECL accounting standard until more in understood about it's impact on consumers, the economy and financial institutions, including credit unions. We are asking members of the congressional to co-sponsor the bills.
Agencies Lobbied
U.S. Senate
2nd Quarter, 2019
In Q2, Michigan Credit Union League had in-house lobbyists. The report was filed on July 19, 2019.
Original Filing: 301050665.xml
Lobbying Issues
Lapses by the retail industry/merchants in securing consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as the financial service industry has to abide by and require retailers notify credit unions sooner once a breach occurs. Currently, we are not supporting any specific legislation.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly change our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting H.R. 1661, a bill that would provide the NCUA flexibility to increase non-mortgage loan maturity limits for federal credit unions. We are also supporting H.R. 2305, a bill that would exempt business loans to veterans from the member business loan cap.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
MCUL supports efforts to curb illegal and harassing robocalls and is monitoring congressional efforts to do so. Credit unions must ensure any legislation to end illegal robocalls takes into consideration the unique interests of our members (each of which is a shareholder of the credit union) and that institutions maintain the ability to contact their members for legitimate reasons, such as when an account is overdrawn. We are currently monitoring H.R. 3375.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports legislation in the 116th Congress that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. MCUL supports the SAFE Banking Act of 2019, H.R. 1595 and S. 1200 which would provide a safe harbor for credit unions and other financial institutions.
MCUL supports S. 1564 and H.R. 3182, legislation that would result in a delay and study of FASB's CECL accounting standard until more in understood about it's impact on consumers, the economy and financial institutions, including credit unions. We are asking members of the congressional to co-sponsor the bills.
Agencies Lobbied
U.S. Senate
1st Quarter, 2019
In Q1, Michigan Credit Union League had in-house lobbyists. The report was filed on April 9, 2019.
Original Filing: 301023678.xml
Lobbying Issues
Lapses by the retail industry/merchants in security consumer information continue to be extremely problematic and costly to consumers and financial institutions. MCUL is advocating that Congress hold retailers to the same or similar data security standards as financial service industry have to abide by and require retailers notify credit unions sooner once a breach occurs. Currently, we are not supporting any specific legislation.
MCUL supports modernizing the Federal Credit Union Act (FCUA). The financial service industry is rapidly changing. Advancements in technology, including high speed internet connectivity, have significantly change our society and how financial institutions do business. Updating the FCUA has become necessary to ensure federally chartered credit unions have the powers and flexibility to be competitive and members can benefit from new technology. We are currently supporting H.R. 1661, a bill that would provide the NCUA flexibility to increase non-mortgage loan maturity limits for federal credit unions.
MCUL is monitoring developments for GSE/housing finance reform and will advocate to make sure any reforms reflect the significant role credit unions play in the secondary mortgage market and we will defend against anything that is potentially harmful to credit unions and our members.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate members of the delegation on the importance of the credit union not-for-profit tax status to members and how credit unions are different from other financial institutions. Currently, we are not advocating for or against any specific legislation on this issue.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
While MCUL takes no position on the issue of cannabis legalization, it supports legislation in the 116th Congress that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. MCUL supports the SAFE Banking Act of 2019, H.R. 1595 which would provide a safe harbor for credit unions and other financial institutions.
Agencies Lobbied
U.S. Senate
4th Quarter, 2018
Michigan Credit Union League amended a lobbying report for in-house lobbying in Q42018 on April 8, 2019
Original Filing: 301023265.xml
Lobbying Issues
The MCUL supports efforts to help Michigan credit unions combat data breaches and the harm they cause to Michigan's 5.3 million credit union members. We support H.R. 6743 (The Consumer Information Notification Requirement Act) that would update GLBA notification requirements for credit unions and other financial institutions and ensure consumers are treated consistently no matter their state of residence. We will continue to advocate for additional legislation, either comprehensive or single issue in nature on the subject.
The MCUL opposes S. 3343 (the Stop Overdraft Profiteering Act of 2018) and H.R. 3606 (the Overdraft Protection Act of 2017). Both bills would negatively and significantly impact consumer/member ability to participate in overdraft protection services. Restricting or prohibiting optional overdraft and courtesy pay services, as these bills would do, will harm consumers, especially low-to-moderate income credit union members.
While the MCUL DOES NOT take a position on the legalization of cannabis it does support legislation that enables the banking of cannabis business in states where usage has become legal. As such, the MCUL supports S. 3032, the Strengthening the Tenth Amendment Through Entrusting States (STATES) Act.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate Congress on the benefits of the credit union not-for-profit tax status and calls on Congress to reject future attempts to alter the tax status of credit unions.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
MCLU opposes efforts, including S. 3503, that would require credit unions to be subjected to subject to examination under the Community Reinvestment Act (CRA). Credit unions have not and do not engage in the discriminatory behavior that resulted in Congress passing the consumer reinvestment act.
Agencies Lobbied
U.S. Senate
4th Quarter, 2018
In Q4, Michigan Credit Union League had in-house lobbyists. The report was filed on Jan. 23, 2019.
Original Filing: 301018205.xml
Lobbying Issues
The MCUL supports efforts to help Michigan credit unions combat data breaches and the harm they cause to Michigan's 5.3 million credit union members. We support H.R. 6743 (The Consumer Information Notification Requirement Act) that would update GLBA notification requirements for credit unions and other financial institutions and ensure consumers are treated consistently no matter their state of residence. We will continue to advocate for additional legislation, either comprehensive or single issue in nature on the subject.
The MCUL opposes S. 3343 (the Stop Overdraft Profiteering Act of 2018) and H.R. 3606 (the Overdraft Protection Act of 2017). Both bills would negatively and significantly impact consumer/member ability to participate in overdraft protection services. Restricting or prohibiting optional overdraft and courtesy pay services, as these bills would do, will harm consumers, especially low-to-moderate income credit union members.
While the MCUL DOES NOT take a position on the legalization of cannabis it does support legislation that enables the banking of cannabis business in states where usage has become legal. As such, the MCUL supports S. 3032, the Strengthening the Tenth Amendment Through Entrusting States (STATES) Act.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate Congress on the benefits of the credit union not-for-profit tax status and calls on Congress to reject future attempts to alter the tax status of credit unions.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
MCLU opposes efforts, including S. 3503, that would require credit unions to be subjected to subject to examination under the Community Reinvestment Act (CRA). Credit unions have not and do not engage in the discriminatory behavior that resulted in Congress passing the consumer reinvestment act.
Agencies Lobbied
U.S. Senate
3rd Quarter, 2018
In Q3, Michigan Credit Union League had in-house lobbyists. The report was filed on Oct. 17, 2018.
Original Filing: 300986639.xml
Lobbying Issues
The MCUL supports efforts to help Michigan credit unions combat data breaches and the harm they cause to Michigan's 5.3 million credit union members. We support H.R. 6743 (The Consumer Information Notification Requirement Act) that would update GLBA notification requirements for credit unions and other financial institutions and ensure consumers are treated consistently no matter their state of residence. We will continue to advocate for additional legislation, either comprehensive or single issue in nature on the subject.
The MCUL opposes S. 3343 (the Stop Overdraft Profiteering Act of 2018) and H.R. 3606 (the Overdraft Protection Act of 2017). Both bills would negatively and significantly impact consumer/member ability to participate in overdraft protection services. Restricting or prohibiting optional overdraft and courtesy pay services, as these bills would do, will harm consumers, especially low-to-moderate income credit union members.
While the MCUL DOES NOT take a position on the legalization of cannabis it does support legislation that enables the banking of cannabis business in states where usage has become legal. As such, the MCUL supports S. 3032, the Strengthening the Tenth Amendment Through Entrusting States (STATES) Act.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate Congress on the benefits of the credit union not-for-profit tax status and calls on Congress to reject future attempts to alter the tax status of credit unions.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
2nd Quarter, 2018
In Q2, Michigan Credit Union League had in-house lobbyists. The report was filed on July 13, 2018.
Original Filing: 300964497.xml
Lobbying Issues
MCUL supports common-sense regulatory reform for community based financial institutions, like credit unions who were not responsible for the financial collapse but are subject to one size fits all regulations meant for bad actors. As such, MCUL supported passage of S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act. The bill provides targeted relief to community financial institutions, including credit unions.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate Congress on the benefits of the credit union not-for-profit tax status and calls on Congress to reject future attempts to alter the tax status.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
1st Quarter, 2018
In Q1, Michigan Credit Union League had in-house lobbyists. The report was filed on April 23, 2018.
Original Filing: 300958683.xml
Lobbying Issues
MCUL supports common-sense regulatory reform for community based financial institutions, like credit unions who were not responsible for the financial collapse but are subject to one size fits all regulations meant for bad actors. As such, it is supporting passage of S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act. The bill would provided targeted relief to community financial institutions, including credit unions.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL continues to educate Congress on the benefits of the credit union not-for-profit tax status and calls on Congress to reject future attempts to alter the tax status.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
Lobbying Issues
MCUL opposes attempts to subject the NCUA to the annual appropriations process and supported efforts to keep language off the Omnibus Appropriations bill (H.R. 1625) that would have put the NCUA in the approps process.
Agencies Lobbied
U.S. House of Representatives
4th Quarter, 2017
In Q4, Michigan Credit Union League had in-house lobbyists. The report was filed on Jan. 22, 2018.
Original Filing: 300932621.xml
Lobbying Issues
MCUL supports common-sense regulatory reform for community based financial institutions, like credit unions who were not responsible for the financial collapse but are subject to one size fits all regulations meant for bad actors. As such, it is supporting S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act. The bill would provided targeted relief to community financial institutions, including credit unions.
MCUL also supports H.R. 1264 and other efforts to relieve the regulatory burden on credit unions
H.R. 1264, Community Financial Institution Exemption Act- bill amends the Consumer Financial Protection Act of 2010 to exempt community financial institutions from all rules and regulations issued by the Consumer Financial Protection Bureau (CFPB). A "community financial institution" is an insured depository institution or credit union with less than $50 billion in consolidated assets.
Under specified circumstances, and with the written agreement of the Federal Reserve Board and other specified federal banking agencies, the CFPB may revoke such an exemption with respect to a certain rule, regulation, or class of institutions.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
MCUL educated Congress on the benefits of the credit union not-for-profit tax status and advocated that Congress not adopt changes to the tax status in tax relief/reform legislation, including H.R. 1, the Tax Cuts and Jobs Act.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
3rd Quarter, 2017
In Q3, Michigan Credit Union League had in-house lobbyists. The report was filed on Oct. 16, 2017.
Original Filing: 300904832.xml
Lobbying Issues
H.R. 10, The Financial Choice Act of 2017- the bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act. MCUL is generally advocating for common sense reforms in bill that ease the regulatory burden on credit unions.
H.R. 389, Credit Union Residential Loan Parity Act- The bill amends the Federal Credit Union Act to allow a credit union to extend a member business loan with respect to a one- to four-family dwelling, regardless of whether the dwelling is the member's primary residence. Under current law, a member business loan may be extended with respect to such a dwelling only if it is the member's primary residence. MCUL supports the bill and is seeking co-sponsors from within the MI Congressional Delegation.
H.R. 1264, Community Financial Institution Exemption Act- bill amends the Consumer Financial Protection Act of 2010 to exempt community financial institutions from all rules and regulations issued by the Consumer Financial Protection Bureau (CFPB). A "community financial institution" is an insured depository institution or credit union with less than $50 billion in consolidated assets.
Under specified circumstances, and with the written agreement of the Federal Reserve Board and other specified federal banking agencies, the CFPB may revoke such an exemption with respect to a certain rule, regulation, or class of institutions.
MCUL supports the bill and is seeking co-sponsors from within the MI Congressional Delegation.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
FY18 Financial Services and General Government Appropriations Bill- The bill provides annual funding for the Treasury Department, the Judiciary, the Small Business Administration, the Securities and Exchange Commission, and other related agencies. The bill passed out of full committee on June 28th, 2017.
MCUL is advocating that a provision in the bill subjecting funding for the NCUA to the appropriations process be struck from the bill. MCUL is also advocating that $2 million in funding for the Community Development Revolving Loan Fund be restored in the FY18 appropriations process.
Agencies Lobbied
U.S. House of Representatives
Lobbying Issues
Preservation of the credit union not-for-profit tax status
MCUL is advocating that the credit union not-for-profit tax status be preserved should tax reform legislation move forward.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
2nd Quarter, 2017
Michigan Credit Union League amended a lobbying report for in-house lobbying in Q22017 on July 20, 2017
Original Filing: 300891987.xml
Lobbying Issues
H.R. 10, The Financial Choice Act of 2017- the bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act. MCUL is generally advocating for common sense reforms in bill that ease the regulatory burden on credit unions.
H.R. 389, Credit Union Residential Loan Parity Act- The bill amends the Federal Credit Union Act to allow a credit union to extend a member business loan with respect to a one- to four-family dwelling, regardless of whether the dwelling is the member's primary residence. Under current law, a member business loan may be extended with respect to such a dwelling only if it is the member's primary residence. MCUL supports the bill and is seeking co-sponsors from within the MI Congressional Delegation.
H.R. 1264, Community Financial Institution Exemption Act- bill amends the Consumer Financial Protection Act of 2010 to exempt community financial institutions from all rules and regulations issued by the Consumer Financial Protection Bureau (CFPB). A "community financial institution" is an insured depository institution or credit union with less than $50 billion in consolidated assets.
Under specified circumstances, and with the written agreement of the Federal Reserve Board and other specified federal banking agencies, the CFPB may revoke such an exemption with respect to a certain rule, regulation, or class of institutions.
MCUL supports the bill and is seeking co-sponsors from within the MI Congressional Delegation.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
FY18 Financial Services and General Government Appropriations Bill- The bill provides annual funding for the Treasury Department, the Judiciary, the Small Business Administration, the Securities and Exchange Commission, and other related agencies. The bill passed out of full committee on June 28th, 2017.
MCUL is advocating that a provision in the bill subjecting funding for the NCUA to the appropriations process be struck from the bill. MCUL is also advocating that $2 million in funding for the Community Development Revolving Loan Fund be restored in the FY18 appropriations process.
Agencies Lobbied
U.S. House of Representatives
Lobbying Issues
Preservation of the credit union not-for-profit tax status
MCUL is advocating that the credit union not-for-profit tax status be preserved should tax reform legislation move forward.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
2nd Quarter, 2017
In Q2, Michigan Credit Union League had in-house lobbyists. The report was filed on July 19, 2017.
Original Filing: 300888477.xml
Lobbying Issues
H.R. 10, The Financial Choice Act of 2017- the bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act. MCUL is generally advocating for common sense reforms in bill that ease the regulatory burden on credit unions.
H.R. 389, Credit Union Residential Loan Parity Act- The bill amends the Federal Credit Union Act to allow a credit union to extend a member business loan with respect to a one- to four-family dwelling, regardless of whether the dwelling is the member's primary residence. Under current law, a member business loan may be extended with respect to such a dwelling only if it is the member's primary residence. MCUL supports the bill and is seeking co-sponsors from within the MI Congressional Delegation.
H.R. 1264, Community Financial Institution Exemption Act- bill amends the Consumer Financial Protection Act of 2010 to exempt community financial institutions from all rules and regulations issued by the Consumer Financial Protection Bureau (CFPB). A "community financial institution" is an insured depository institution or credit union with less than $50 billion in consolidated assets.
Under specified circumstances, and with the written agreement of the Federal Reserve Board and other specified federal banking agencies, the CFPB may revoke such an exemption with respect to a certain rule, regulation, or class of institutions.
MCUL supports the bill and is seeking co-sponsors from within the MI Congressional Delegation.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
FY18 Financial Services and General Government Appropriations Bill- The bill provides annual funding for the Treasury Department, the Judiciary, the Small Business Administration, the Securities and Exchange Commission, and other related agencies. The bill passed out of full committee on June 28th, 2017.
MCUL is advocating that a provision in the bill subjecting funding for the NCUA to the appropriations process be struck from the bill. MCUL is also advocating that $2 million in funding for the Community Development Revolving Loan Fund be restored in the FY18 appropriations process.
Agencies Lobbied
U.S. House of Representatives
Lobbying Issues
Preservation of the credit union not-for-profit tax status
MCUL is advocating that the credit union not-for-profit tax status be preserved should tax reform legislation move forward.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
2nd Quarter, 2017
Michigan Credit Union League filed a lobbying registration on June 28, 2017 for in-house lobbying efforts, effective April 3, 2017.
Original Filing: 300881501.xml
Issue(s) they said they’d lobby about: Issues: Financial regulatory reform and tax reform. Bills: H.R. 10, H.R. 1264, H.R. 389, S. 836. .
2nd Quarter, 2008
Michigan Credit Union League in-house lobbying effort was terminated on July 17, 2008
Original Filing: 300069043.xml
Lobbying Issues
H.R.3915(The Mortgage Reform and Anti-Predatory Lending Act)
Agencies Lobbied
U.S. House of Representatives
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
H.R.3648(Mortgage Forgiveness Debt Act)
Agencies Lobbied
U.S. House of Representatives
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
S.2452(The Homeownership Preservation and Protection Act)
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
H.R.5519(Credit Union Regulatory Relief Act)
Agencies Lobbied
U.S. House of Representatives
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
S.2636(Foreclosure Protection Act of 2008)
Type of Issue
Financial Institutions/Investments/Securities
1st Quarter, 2008
In Q1, Michigan Credit Union League had in-house lobbyists. The report was filed on April 4, 2008.
Original Filing: 300032584.xml
Lobbying Issues
H.R.3915(The Mortgage Reform and Anti-Predatory Lending Act)
Agencies Lobbied
U.S. House of Representatives
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
H.R. 3648 (Mortgage Forgiveness Debt Act)
Agencies Lobbied
U.S. House of Representatives
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
S. 2452 (The Homeownership Preservation and Protection Act).
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
H.R.5519 Credit Union Regulatory Refief Act
Agencies Lobbied
U.S. House of Representatives
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
S.2636 (Foreclosure Protection Act of 2008).
Type of Issue
Financial Institutions/Investments/Securities
Source: Clerk of the U.S. House of Representatives and Secretary of the Senate
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