AFSA-supported Bill Discussed in Congressional Hearing

Today, the House Financial Services Financial Institutions and Consumer Credit subcommittee met to examine a number of pieces of legislation. Subcommittee Chairman Blaine Luetkemeyer noted that, “The bills that were discussed today are all designed to take the first steps in relieving pressure on our nation’s community financial institutions and preserving choice and financial independence for all consumers.”

One of the bills discussed during the hearing is H.R. 2396, the Privacy Notification Technical Correction Act. The bill, which was introduced by Rep. Dave Trott (R-MI), would ease the notification burden on financial institutions if said notices had not changed. AFSA has been a strong advocate of the bill and expects markup on H.R. 2396 before the end of July.