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Sharing news on state and national legislative issues of importance to South Carolina credit unions
April 16, 2018
Palmetto Citizens makes effective, timely annual visit to SC State House

Palmetto Citizens Federal Credit Union (PCFCU) advocates made their annual three-block trek to the South Carolina State House Wednesday, April 11 and connected with several members of the General Assembly despite a busy legislative calendar that includes the state budget. Their effective work was timely as South Carolina's credit unions prepare for Financial Literacy Day Tuesday, April 17 while anticipating action on S.337 to update the state charter.

Read the full story here.

Congress returns to busy week of high-profile hearings for Carolinas’ Members
Clockwise from top left: Sen. Lindsey Graham (SC), Rep. Richard Hudson (R-NC8), Sen. Thom Tillis (NC), CFPB Acting Director Mick Mulvaney.

Congressional recess concluded April 9 and lawmakers hit the hearing rooms on both sides of Capitol Hill. The klieg lights were aimed at prominent witnesses Facebook Founder/CEO Mark Zuckerberg and former South Carolina Congressman Mick Mulvaney, whose testimony focused on his temporary role as head of the Consumer Financial Protection Bureau (CFPB). He appeared before the House Financial Services Committee, of which he is a former member, and the Senate Banking Committee. His appearances were to deliver and comment on the agency’s semi-annual report, but he took advantage of the opportunity to comment on a number of bills that address CFPB currently under consideration by the 115th Congress.

Zuckerberg appeared before two Senate panels that met jointly and before a House panel to address the recent data privacy questions that arose from the Cambridge Analytica scandal, but opened the door for questions and comments on a variety of issues—including the safety of consumers’ financial data. Representatives from the Carolinas had key questions for both witnesses that ranged from Congressman G.K. Butterfield’s (D-NC1) concerns about the lack of diversity among employees at Facebook, to Congressman Richard Hudson’s (R-NC8) worries about data privacy for military service personnel, to Congressman Jeff Duncan’s (R-SC3) concerns about overzealous censorship.

You can hear questions from Carolinas’ representatives through links provided below.

Senate Judiciary and Commerce Committees Joint Hearing April 10: Facebook, Social Media Privacy, and the Use and Abuse of Data
Senator Lindsey Graham (SC)
Senator Thom Tillis (NC)

House Financial Service Committee Hearing April 11: The 2018 Semi-Annual Report of the Bureau of Consumer Financial Protection
Congressman Ted Budd (R-NC13)

House Energy and Commerce Hearing April 11: Facebook: Transparency and use of Consumer Data
Congressman Richard Hudson (R-NC8)
Congressman G.K. Butterfield (R-NC1)
Congressman Jeff Duncan (R-SC3)

Senate Banking Committee Hearing April 12: The CFPB's Semi-annual Report to Congress
Senator Thom Tillis (NC) - Beginning at the 2:01:00 mark

League opens room block for July Hike the Hill

Credit union supporters will take their message to Washington, D.C. during the Carolinas Credit Union League’s Hike the Hill July 24-25.
Planning for this event is underway and includes visits with federal regulators and members of Congress. In the meantime, the League has opened the room block at Capitol Hill Hotel for League-affiliated credit union advocates.

This room rate is available until June 24 or until the block is full. For instructions on how to make your reservations, please visit the Hike the Hill event page (login required).

Empower, evolve, excel at the CCUL 2018 Annual Meeting
Myrtle Beach, SC
June 10-12, 2018
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