State legislative corrections easing member service finalized
Published by: Emily Leite
May 19, 2021 | Government Affairs
Preserving flexible member service offerings is imperative to how your credit union helps people, families, and businesses achieve financial well-being. That is why the League constantly champions your voice at the Statehouse, ensuring credit unions can continue working directly with members without interference from any unnecessary or unclear regulation. This League advocacy priority was recently championed with the full and unanimous passage of House Bill 133, sponsored by Rep. Brett Hillyer (R-Uhrichsville), to help credit unions protect mortgage loans already secured through attorney title opinions, receive more beneficial member business loan pricing through linked-deposit programs, update antiquated paper check printing requirements, and modify junior lien debt collection practices to better fortify the credit union service model. With the passage of this priority legislation, Ohio credit unions will soon receive helpful relief from unintended regulatory consequences so you can focus more of your time on better serving more than three million members. As the bill migrates to Governor Mike DeWine for his signature, the League will post important updates on Huddle regarding the specific changes contained in House Bill 133 including the enactment dates, so your credit union can prepare to adapt its internal practices accordingly.
Reach out to Chief Advocacy Officer Emily Leite for additional information on the impact House Bill 133 has for credit unions and stay tuned to Huddle for more on what to expect next.
Contact Emily Leite for questions or assistance.
