Credit union members protected in new address confidentiality law

Published by: Jared Weiser

February 8, 2022 | Regulatory

Credit unions are the original consumer protectors, especially when it comes to safeguarding sensitive information. Ohio Secretary of State Frank LaRose channeled this philosophy when he established the Safe at Home program, through House Bill 93, to better protect victims of certain crimes by further shielding personal information from public property records. While laudable, House Bill 93 created an unintended consequence that could have hindered the ability for credit unions to help a Safe at Home program participant secure a new home efficiently and effectively. So, the League went to work to ensure credit unions could continue to protect all member information through existing compliance controls rather than establishing new processes. Those advocacy efforts led to an included exemption for private entities that already safeguard consumer information, like credit unions and their mortgage partners. Governor Mike DeWine signed House Bill 93 into law on Jan. 28, 2022, effective immediately, protecting sensitive information and cementing your credit union’s ongoing efforts to protect member data throughout the mortgage process.

 

For more information about the Safe at Home program or to get involved in League advocacy priorities, contact Legislative Affairs Director Jared Weiser.

Contact Jared Weiser for questions or assistance.

Jared Weiser
Jared Weiser Director, Legislative Affairs E: jweiser@ohiocul.org
Contact Us

Other Movement News

Government Affairs

Help advance Credit Unions: Hike with your peers to D.C.

The most impactful credit union advocacy moments are real-life examples of how your credit union influences the financial well-being of members. These facts, stories, and real-world demonstrations of the credit […]
Regulatory

Financial services stand united in Ohio Supreme Court

When the stroke of a pen could alter the landscape of the financial services industry, all parties involved must find a way to unite and stand up for the people, […]
Member Benefits

Top-trending HR policies to review

Human resources are an ever-evolving landscape for employers to navigate, which is why the League provides relevant tools and guidance to help members. One of the most valuable tools members […]