Engaging with a key House Financial Services Committee leader

A Capitol Hill meeting brought America’s Credit Unions leaders—including President/CEO Scott Simpson—together with House Financial Services Subcommittee on Financial Institutions Chairman Andy Barr, R-Ky., Thursday.

“We thank Chairman Barr for taking time to meet with America’s Credit Unions and discuss priority issues. He is always willing to consider credit unions’ perspective, and we greatly appreciate his work to reduce regulatory burdens and ensure consumers have access to safe, affordable financial services,” Simpson said.

Earlier this week, Barr co-sponsored two data privacy bills, along with other Financial Services and Energy and Commerce Committee leaders. The bills would create a national data security standard and contain several principles America’s Credit Unions has urged Congress to include as a vital part of data security legislation.

The group thanked Barr for his leadership on these bills as well as the subcommittee’s work in search of fraud solutions, including a hearing where he invited testimony from an America’s Credit Unions witness. Park Community Credit Union General Counsel Kate McKune testified in March in support of a “whole of government” approach to better equip credit unions to protect members.

Barr also introduced a credit union-supported bill to create a permanent Transaction Account Guarantee program that includes credit unions.

America’s Credit Unions also reiterated its support for maintaining FY26 funding in FY27 for the Community Development Financial Institution (CDFI) Fund. Barr co-sponsored a bill with a bipartisan group of Senators to provide increased transparency for the CDFI Fund.