SACRAMENTO, Calif. — The California League's Government Relations Rally kicks off today with a noon luncheon featuring a Q&A session with state regulators. CNN journalist David S. Broder will keynote this afternoon's opening session.
This year's hot button issue is the passage of AB 1779, a league-backed data security bill that made it all the way to the Governor Schwarzenegger's desk last year before being vetoed. AB 2116, a repossession notification bill, will also be on credit union leaders' minds in Sacramento, as well as more than 30 proposed mortgage bills.
"None of these (mortgage) bills attempt to narrow the scope to bad lenders or good actors, so we're asking credit unions to bring their positive mortgage stories," said Keri Bailey, league director of state government affairs.
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"They need to make sure their elected officials know how credit unions underwrite loans; not as a short term fee opportunity, but a long term investment, with families who are with us throughout their mortgage and beyond."
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