Newsroom
NAFCU cites ABA's anti-CU website ahead of astroturfing hearing
As a House Financial Services subcommittee today prepares to explore astroturfing – a practice to try to advance an anti-consumer agenda under the guise of grassroots efforts – in financial services, NAFCU Vice President of Legislative Affairs Brad Thaler sent a letter flagging how credit unions have been impacted by such actions.
"Last year, NAFCU wrote to the Subcommittee regarding a Credit Union Times report that the American Bankers Association (ABA) was the secret owner of an anonymous anti-credit union website that posted misinformation about the credit union industry," Thaler wrote. "This website existed with an anonymous owner for nearly a year. When it was finally linked to the American Bankers Association, the website was taken down and removed (later returning with recognition of ABA's ownership).
"This is a prime example of astroturfing that big banks are willing to attempt in an effort to advance an anti-consumer and anti-credit union agenda," Thaler added.
Given bankers' commitment to eliminating competition in the financial services industry by purporting misleading claims about credit unions, Thaler called on the subcommittee to further investigate big banks' abuses against consumers.
Today's subcommittee hearing is set to begin at 2 p.m. Eastern and will be available to watch via livestream on the House Financial Services website.
Share This
Related Resources
Add to Calendar 2024-05-03 14:00:00 2024-05-03 14:00:00 Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing About the Webinar In January 2024, Pentegra conducted a survey of retirement plan sponsors and their perspectives on retirement plan management and fiduciary outsourcing. The survey measured how sponsors are using fiduciary outsourcing to help better manage their retirement plans. It also captured their perspectives on what outsourcing does to help them better position their plans and drive improved retirement plan outcomes. Key Takeaways: What is the full scope of your responsibilities as a plan sponsor? What is fiduciary outsourcing and how does it work? How does fiduciary outsourcing help reduce workloads and minimize risk? How can a credit union best position its plan to drive improved outcomes? Register Here Web NAFCU digital@nafcu.org America/New_York public
Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing
preferred partner
Pentegra
Webinar
Turning Lemons into Lemonade: Capitalizing in a Post-Banking Crisis Era
Strategy
preferred partner
Allied Solutions
Blog Post
Ensuring Safety and Soundness with AI
Management, Consumer Lending, FinTech
preferred partner
Upstart
Blog Post
Add to Calendar 2024-05-02 14:00:00 2024-05-02 14:00:00 Mastering Resilience in Incident Response Plans About the Webinar An Incident Response (IR) plan is crucial for guiding credit unions through major incidents efficiently and effectively. However, many IR plans lack resilience, making them less adaptable to the evolving threat landscape. Join us for our webinar Mastering Resilience in Incident Response Plans where DefenseStorm cyber experts Elizabeth Houser and James Bruhl will delve into the importance of resiliency within cybersecurity IR plans. Don’t miss out on the opportunity to learn how to: Ensure IR plan accessibility so that all team members with assigned roles are prepared for effective incident response. Conduct efficient and regular reviews to ensure roles and responsibilities are current, tools are relevant, and compliance requirements are met. Implement and utilize tabletops to regularly test the effectiveness of your IR plan. Enhance preparedness, efficiency, and confidence among responders. View On-Demand Web NAFCU digital@nafcu.org America/New_York public
Mastering Resilience in Incident Response Plans
preferred partner
DefenseStorm
Webinar
Get daily updates.
Subscribe to NAFCU today.