Proactive advocacy protects credit unions in federal and state data privacy initiatives

Published by: Emily Leite

June 3, 2021 | Government Affairs

It is no secret that your credit union dedicates each day to serving members and advancing communities. That is why your League diligently protects your interests in Columbus and Washington, blocking and tackling concerning initiatives that could threaten the credit union service model. As data governance laws are popping up across the country, and with two data security and privacy bill drafts recently floated in Congress and at the Statehouse, the team is proactively engaged in the conversation to ensure credit union interests are protected before any bills are introduced. Recently, the Office of U.S. Senator Rob Portman (R-OH) and InnovateOhio, led by Lt. Governor Jon Husted, separately reached out to the League to discuss how national and Ohio-specific data privacy and security laws could be crafted to both protect consumers and avoid impacting how credit unions leverage and store sensitive and personal data. By urging both Senator Portman and InnovateOhio to consider the member-owner structure and the well-regulated nature of financial institutions through the Gramm-Leach-Bliley Act, neither bill concept is expected to inhibit how your credit union communicates, interacts, or leverages member data at this time. The League will keep a pulse on both the federal and state data privacy initiatives as they are introduced to ensure Ohio credit unions can continue serving more than three million members without unnecessary or complicating regulation.

Connect with Chief Advocacy Officer Emily Leite for more information on how the federal and state data and privacy initiatives both protect credit union interests.

Contact Emily Leite for questions or assistance.

Emily Leite
Emily Leite Chief Advocacy Officer E: eleite@ohiocul.org
Contact Us

Other Movement News

Government Affairs

Election night success for credit unions; see how the midterms impact your credit union

Thanks to your generous support throughout the 2021-2022 elections, the Ohio Movement engaged with 122 decision-makers and invested more than $570,000 in state and federal legislative champions. Your partnership led […]
Regulatory

Year end snapshot: State and federal credit union priorities

Just like your credit union, the League is hard at work ensuring a successful year end and is focused on promoting and protecting credit union interests at the Statehouse and in Congress. Here are the League’s top issues as legislators wrap up their sessions: House Bill 116, the Ohio Computer Crimes Act, would close a legal loophole that bad actors can exploit to access sensitive data and information without penalty.
Member Benefits

Tips to keep your members safe this holiday season

Help your members stay financially safe during the holiday season by downloading helpful tips in December’s Monthly Marketing Toolkit, a complimentary resource as part of your League membership.