This week, Congress is back in Washington with America’s Credit Unions engaging lawmakers on various industry priorities. That includes an America’s Credit Unions member testifying on behalf of the industry before the House Financial Services Committee.
Elizabeth Osborne, COO of Great Lakes Credit Union in Bannockburn, Ill., will provide the credit union perspective on artificial intelligence (AI) in financial services and housing. The hearing, scheduled for 10 a.m. Eastern, follows the release of the staff report from the House Financial Services Committee’s Bipartisan Working Group on AI. The report aligns with America’s Credit Unions’ stance—and recent testimony—that existing statutory frameworks are sufficiently broad to address the use of AI within the already highly supervised domain of financial services. Stay tuned to America’s Credit Unions for coverage from the hearing.
Also happening on Capitol Hill:
- Tomorrow, a joint subcommittee hearing with the House Small Business Committee and House Veterans’ Affairs Committee will examine the landscape of veteran-owned small businesses; and
- Wednesday, the House Financial Services Committee will discuss housing solutions.
In addition, the World Credit Union Conference – hosted by the World Council of Credit Unions and America’s Credit Unions – kicked off yesterday in Boston. The event runs through Wednesday and brings together thousands of credit union leaders from across the globe. View the full agenda and stay tuned to #WCUC2024 on social media for updates from the event.
