October 1, 2024

Dear Credit Union Leaders, 

How about them Tigers?! Our Lions are looking pretty good too! As we look past college football for the next month on purpose, here are the updates you need!

Announcements

Thanks to everyone that joined our “Cheers! To Compliance” session last Friday, with the CFPB and our Michigan Department of Health & Human Services. Stay tuned for the next edition on Dec. 13, speakers to be announced. For more information, please contact Brad (Bradley.Willett@mcul.org).

Advocacy

In Lansing, the State Legislature has returned in full for one week, last week, and the state Senate will convene weekly (or so) until the November Election. Proposed garnishment and collections reform did not appear in the Senate FICP Committee this past week, but remains a possibility moving forward as the sponsor and various stakeholders continue negotiations. The Senate FICP Committee did post and then cancel a hearing on SB 888 and a series of trailer bills dealing with data privacy and notification issues. Backed by the Office of Attorney General, there are some positives but several large concerns in the introduced version of these bills, notably the ability of OAG to compel testimony and documents outside of any formal hearing from any person they “reasonably believe” may have information or documentation relevant to a violation of the state Identity Theft Protection Act, without further due process protections. Amending the newly re-instated mandatory paid sick leave provisions and minimum wage increase remains an active legislative push by the greater, united business community. The legislative schedule will likely preclude action before the General Election, but optimism remains that both parties recognize the need for changes for employers to functionally implement what will be required.

In Washington, D.C., we continue to monitor efforts related to interchange reform, in particular as “must-pass” bills begin to get more traction toward the end of the year. As previously mentioned, we continue to urge our credit union community to reach out to our federal lawmakers to convey opposition to the Protecting Consumers from Payment Scams Act (H.R. 9303 and S. 4943, respectively).  These bills,  introduced by U.S. Rep. Maxine Waters (D-CA) in the U.S. House and U.S. Sens. Richard Blumenthal (D-CT) and Elizabeth Warren (D-MA) in the U.S. Senate, would amend the Electronic Fund Transfer Act (EFTA) to define an unauthorized transfer as one that includes a fraudulently induced transfer, and requiring financial institutions to reimburse consumers for this type of fraud. If you have not yet used it, an Action Alert has been set up to assist credit unions in contacting their members of the U.S. Congress to communicate opposition to this measure. We do not expect this to pass this session, but we want to get ahead of it for next session and to continue to combat the growing drumbeat to shift accountability from other parties on to financial institutions. This week, America’s Credit Unions and the state leagues communicated to congressional members our industry’s opposition to amendments to the National Defense Authorization Act (NDAA) that would incorporate any of these themes into that legislation as it moves closer to passage.

For a full update on state and federal regulatory action, please see the “Reg Corner” update in this edition of MILeague Minute.

Grassroots and Advocacy Funding

As mentioned in the last edition, we are looking ahead to 2025 America’s Credit Unions GAC in March of next year.  The Michigan hotel block sold out extremely quickly, but we do anticipate that rooms will open up. If you haven’t yet added your name to the waitlist, please contact Todd (Todd.Jorns@mcul.org) to do so, and also with any questions.

Elections

As noted previously, the November General Election will take place on Nov. 5. As per our normal practice during election cycles, a full list of endorsed state and federal candidates will continue to be included at the bottom of this update and will be updated onto our website. The next meeting of the Executive Committee of the Government and Political Affairs Forum where endorsements will be considered is Oct. 28.

As always, thank you for all that you do for Michigan’s credit unions!  

Sincerely,

Patty Corkery and the MCUL Advocacy Team

 

2024 Election Endorsements:

U.S. Senate

U.S. Rep. Elissa Slotkin

U.S. House

U.S. Rep. Jack Bergman, 1st District
U.S. Rep. John Moolenaar, 2nd District
U.S. Rep. Hillary Scholten, 3rd District
U.S. Rep. Bill Huizenga, 4th District
U.S. Rep. Tim Walberg, 5th District
U.S. Rep. Debbie Dingell, 6th District
U.S. Rep. Lisa McClain, 9th District
U.S. Rep. John James, 10th District
U.S. Rep. Haley Stevens, 11th District
U.S. Rep. Rashida Tlaib, 12th District
U.S. Rep. Shri Thanedar, 13th District

State House of Representatives

Rep. Tulio Liberati (D) – 2nd District

Rep. Karen Whitsett (D) – 4th District
Rep. Natalie Price (D) – 6th District
Rep. Joe Tate, Speaker of the House (D) – 10th District
Rep. Mai Xiong (D) – 13th District
Rep. Erin Byrnes (D) – 15th District
Rep. Stephanie Young (D) – 16th District
Rep. Matt Kolezar (D) – 22nd District

Rep. James DeSana (R) – 29th District

Rep. William Bruck (R) – 30th District
Rep. Reggie Miller (D) – 31st District
Morgan Foreman – 33rd District

Rep. Joey Andrews (D) – 38th District
Matt Longjohn (D) – 40th District
Rep. Julie Rogers (D) – 41st District
Rep. Matt Hall, House Republican Leader (R) – 42nd District
Rep. Sarah Lightner (R) – 45th District
Rep. Kathy Schmaltz (R) – 46th District
Rep. Ann Bollin (R) – 49th District
Jason Woolford (R) – 50th District
Rep. Brenda Carter (D) – 53rd District
Rep. Donni Steele (R) – 54th District
Rep. Mark Tisdel (R) – 55th District

Rep. Sharon MacDonnell (D) – 56th District
Rep. Nate Shannon (D) – 58th District
Rep. Joe Aragona (R) – 60th District
Rep. Denise Mentzer (D) – 61st District
Rep. Jaime Greene (R) – 65th District
Rep. Kara Hope (D) – 74th District
Rep. Penelope Tsernoglue (D) – 75th District
Rep. Angela Witwer (D) – 76th District
Rep. Gina Johnsen (R) – 78th District
Stephen Wooden (D) – 81st District
Rep. Carol Glanville (D) – 84th District
Rep. Bradley Slagh (R) – 85th District
Rep. Nancy DeBoer (R) – 86th District
Rep. Bryan Posthumus (R) – 90th District
Rep. Jerry Neyer (R) – 92nd District
Former Rep. Tim Kelly (R) – 93rd District
Rep. Amos O’Neal (D) – 94th District
Rep. Bill G. Schuette (R) – 95th District
Rep. Tom Kunse (R) – 100th District
Rep. Joseph Fox (R) – 101st District
Rep. Curt VanderWall (R) – 102nd District
Parker Fairbairn (R) – 107th District
Rep. David Prestin (R) – 108th District
Rep. Greg Markkanen (R) – 110th District

MCULAF is a state-registered political action committee that makes campaign contributions to candidates for elective office in Michigan. Contributions to MCULAF are not tax deductible. Contributions to MCULAF are completely voluntary and will be used for political purposes. You have the right to refuse without any reprisal. Must be 18 years or age or older to participate. Must be a qualified employee (professional, supervisory, managerial and administrative non-clerical position) of the MCUL & Affiliates or a member or qualified employee of an affiliated Michigan credit union. 

Contributions to MCULLAF are not considered charitable contributions or business expenses for income tax purposes. Contributions to MCULLAF are completely voluntary and will be used for political purposes. There shall be no reprisal for those who decide not to contribute. Must be a qualified member of a participating MCUL-affiliated credit union, U.S. citizen and 18-years of age or older to participate. 

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