Latest on Gov. Affairs, Special Elections, Regulatory Advocacy

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In the California Credit Union League’s latest Advocacy Newsletter, credit union leaders will find updates on California state government affairs, special elections, federal government affairs, and regulatory advocacy:

California State Government Affairs

  • California Virtual Government Relations Rally (GRR)
  • Governor Gavin Newsom Fundraiser
  • Credit Union State Charter Modernization Bill
  • California Privacy Protection Agency Board Appointments

Special Elections

  • Assembly District 54
  • Assembly District 79
  • Senate District 30
  • Senate District 6
  • CULAC (Credit Union Legislative Action Council)

Federal Government Affairs

  • H.R. 1471 (one-year safe harbor on member business lending cap)
  • Charter Bills (increasing maturity limits for federal credit unions regarding non-primary residence mortgage loans)
  • Monthly board meeting requirement for federally chartered credit unions
  • H.R. 1799 (extending the Paycheck Protection Program)
  • The SAFE Banking Act (safe harbor for financial institutions providing services to cannabis related businesses)
  • Data security and fair/accessible lending during the pandemic
  • Regulatory burden from stimulus checks and deposit growth

Regulatory Advocacy

  • Comment letter to the California Department of Financial Protection and Innovation (DFPI)
  • Pending Regulatory Proposed Rules

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