As legislators work to balance a multitude of interests, we work to preserve and enhance consumer choice and the credit union charter.
In Washington and Baton Rouge, we are vigilant to threats large and small, and we look for enhancement and opportunity along the way. LCUL meets regularly with legislators and key agencies to ensure the credit union perspective is part of the discussion when legislation is being considered. With the help of our retained lobbyists Adams & Reese, LLC, thousands of bills are reviewed and monitored annually with timely analysis provided by the League.
The Louisiana Legislature kicked off the 2020 session on March 9. However, proceedings were suspended five days in to help stem community spread of the coronavirus. Special session reconvened on Monday, June 1 and adjourned on June 30 with COVID-19 related bills taking priority on the floor and limited constituent engagement in committee meetings due to safety concerns.
During the course of the session, there were a limited number of bills that would directly impact credit unions in some capacity. What do these new laws mean for you? With the help of LCUL's strategic partner Kudulis, Risinger, Price (KRP) Law Firm, we've put together a summary of those bills and the impact they will have on Louisiana credit unions.
Click here to download the summary.