The House of Representatives is expected to vote on a number of bills Monday evening that would impact credit unions.
Among the bills being considered for passage is The Eliminate Privacy Notice Confusion Act, legislation that would eliminate the requirement for financial institutions to mail annual privacy notices unless there is a change to the policy.
"Of these bills, H.R. 601 would probably have the greatest impact on credit unions because it would eliminate a very costly and burdensome requirement that credit unions send annual privacy notifications to their members," CUNA Chief Advocacy Officer Ryan Donovan said. "We have long supported this legislation."
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