Are you ready to Remix? InVest48 registration is now open!

Published by: Kim Connor

December 16, 2020 | Compliance, Education & Training

The Ohio General Assembly is wrapping up lame-duck session work, and the League is excited to share tangible victories that have already been, or are expected to be secured due to the advocacy partnership between Ohio credit unions and the League: 

  • Eliminated a state requirement that a checking account open date be printed on checks, saving you time and money.
  • Looking forward to clarifying when and how debt notification requirements must be sent for second lien holder foreclosure actions and limited damages for failure to comply, ensuring you flexibility.
  • Looking forward to providing the Treasurer of State broader flexibility to determine a reduced interest rate for Business Linked Deposit loans, providing greater parity with the bankers.
  • Created a new linked deposit program to enable affordable adoption lending, allowing you to better serve members building a family. 
  • Looking forward to codifying new criminal penalties for convicted cybercriminals and established victim restitution through civil action, giving you peace of mind that criminal behavior can be better prosecuted in Ohio and that any losses can be recovered.

Thank you for lending your passion and expertise to drive these critical initiatives across the finish line. We would love to hear your suggestions on how to drive effective legislative advocacy, so reach out to League Director of Legislative Affairs, Cory Fleming, to share your ideas.

CONTACT US

E: cfleming@ohiocul.org
T: (614) 923-9705
C: (614) 395-0371

Other Movement News

Government Affairs

League advocates for “clean” NDAA funding bill

In a gridlocked Congress, must-pass federal spending bills open an opportunity to accomplish policy initiatives that can either promote or inhibit credit unions from serving their members. That’s why the […]
Regulatory

Ohio shows united opposition to debit interchange rule

Cards, compliance, and cybersecurity all have a cost, and that is why the League submitted a comment letter expressing serious concern and vehement opposition to the Federal Reserve’s proposal to […]
Member Benefits

Trending on Huddle: Are you a part of the discussion?

Connecting and collaborating are part of what makes the Credit Union Movement unique to financial services and continue to be a cornerstone of its collective success. The League’s online community, […]