Federal Advocacy Wins – Update from D.C.

This week members of the NWCUA Advocacy team were in D.C. coordinating with our association and league counterparts from across the Nation and staying engaged on a number of important issues. We also saw two wins this week due to the great Advocacy work of our credit unions. 

FCC: As our CUNA counterparts shared this morning, The FCC call-blocking rule, that our grassroots mobilized on last week, has seen some last minute updates in order to include relief for legitimate callers. Thursday’s vote approvded the FCC’s default call-blocking order, which includes a mechanism for challenging erroneous call blocking. We are concerned the order will lead to credit unions being unable to reach members with important information with members unaware the calls have been blocked. You can read more here.

CDFI Funding: Over the past few years we have stayed very engaged with the members of our Congressional delegation that serve on the House Appropriations Committee to continue sharing the value of the Community Development Financial Institution fund to our credit unions and communities. After being zeroed out in the President’s budget for the last 3 years the fund continues to see support in Congress. In the current bill the fund would be at $300 million for fiscal year 2020, a $50 million increase from last year’s fund. The next step is for the bill to go to the full committee markup, it also includes $2 million for the Credit Union Revolving Loan Fund (CDRLF). 

Posted in Advocacy on the Move.