America’s Credit Unions (AmCU) is pressing two major federal agencies this week, the Consumer Financial Protection Bureau (CFPB) and the Federal Communications Commission (FCC), to refine regulatory proposals that could have sweeping effects on credit unions’ operations and member communications.
In a letter to the CFPB, AmCU urged the agency to reconsider its approach to implementing Section 1033 of the Dodd-Frank Act, which governs consumer financial data rights.
The trade group cautioned that the CFPB’s proposed rule on personal financial data access could impose excessive compliance burdens and create cybersecurity risks without corresponding consumer benefits.
“Credit unions are not the problem the CFPB is trying to solve,” the letter stated, arguing that member-owned institutions already operate under strict privacy, data protection and member-consent standards. AmCU called for a phased, risk-based implementation that differentiates between large data aggregators and smaller, cooperative financial institutions. The group also recommended that the CFPB coordinate closely with the NCUA to ensure credit union parity and avoid regulatory overlap.
Meanwhile, AmCU joined a coalition of financial organizations urging the FCC to extend the Telephone Consumer Protection Act (TCPA) compliance deadline for its controversial “revoke all” rule, which treats a single “STOP” message from a consumer as revoking consent for all communications from a financial institution, including fraud alerts.
The coalition requested the FCC delay compliance by one year to April 11, 2027, or six months after the final rule is modified. They also urged the FCC to allow a single, standardized method for revocation and to strengthen anti-spoofing protections under the STIR/SHAKEN caller authentication framework.
AmCU said both issues highlight the need for regulation that supports, not hinders, credit unions’ ability to communicate securely and effectively with their members.
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