CBI Lobbyist Jeff Boeyink met with the CBI Board of Directors to detail the proposed Credit Union Transparency Act, a joint project between CBI and the Iowa Bankers Association to define large complex credit unions, and requiring them to file detailed financial statements with the State of Iowa. CBI has been registered with the Iowa Congress as Opposed to this bill, and will remain so until amendments stripping that Section of the bill have been made or until the bill dies.
CBI continues to work toward blocking efforts by credit unions to gain in banking powers, still while not subjected to tax law and regulations enforced on traditional banking institutions. We will provide updates on this and other developments on this issue as they occur.
Read SSB 3018 summary. See lobbyist declarations.