Advocate Blog
Join the conversation about the latest laws, regulations and political issues having an impact on Virginia's credit unions.
- League Readies for 2024 General Assembly Following Eventful Election
November 8, 2023The 2023 election and over and mercifully so are the political ads. Democrats have held the Senate and have flipped the House of Delegates, holding at least 21 seats in the Senate and 51 in the House. One race in both the Senate and House are still too close to call and may result in recounts, but regardless of these outcomes Democrats will control both chambers in January.
- Election Day: League, CUs Ready for Eventful Finish to Election Season, Prep for General Assembly Session
November 7, 2023Regardless of this evening’s election results, there will be dozens of new legislators to meet and educate in the weeks ahead on the Credit Union Difference. Your League will meet with each of our new delegates and senators to foster relationships and garner support for our 2024 legislative agenda.
- League Showcases CU Service to Veterans Ahead of Senate Banking Hearing
November 3, 2023Your League wrote Sen. Mark Warner on Wednesday to tout credit unions’ good work in supporting servicemembers, veterans and their families. In a letter sent ahead of Thursday’s Senate Banking Committee hearing on financial protections for servicemembers and veterans, the League asked Sen. Warner to remain mindful of credit unions’ continued commitment in this area. We noted the proud history of credit unions here in Virginia that were chartered initially to serve various military bases and servicemembers.
- League President/CEO Carrie Hunt to Testify on NCUA Budget Proposal
November 3, 2023League President/CEO Carrie Hunt will be among the industry stakeholders testifying on the NCUA budget at a public hearing on Nov. 16. The agency will hold a public budget briefing at its Central Office, beginning at 2 p.m. The meeting will be livestreamed on NCUA.gov.
- League Reaching Out to Senators to Spotlight Work of Credit Unions in Serving Military, Families Ahead of Thursday Hearing
October 31, 2023Many of our Virginia-based credit unions proudly serve servicemembers and their families. The Senate Banking Committee will hold a hearing on Thursday titled, “Ensuring Financial Protection for Servicemembers, Veterans and Their Families.” Considering the good work of our credit unions, your League will submit a letter ahead of the hearing to spotlight Virginia credit unions’ long, proud record of service to members of the military and their families.
- Crash the GAC 2024! Applications Must Be Submitted by Nov. 20
October 27, 2023Interested in attending the Governmental Affairs Conference next year as a Crasher? Gain a deeper understanding of our industry's advocacy work and how we showcase the "Credit Union Difference." The GAC is our opportunity to highlight the meaningful work credit unions are doing to improve the financial well-being of their members and communities. Apply to CRASH the GAC 2024 and take your career to the next level! Applications are due no later than Nov. 20.
- Registration Opens for League Compliance Roundtable and Member Call-In
October 27, 2023Registration is open for two upcoming League virtual events! Both are free. League Compliance Roundtable (Dec. 6) and the Member Call-In (Dec. 12).
- Week’s Advocacy Issues Dominated By Interchange, Injunction Blocking CFPB’s Reporting Rule on Small Biz Lending
October 27, 2023Advocacy news and notes for the week ended Oct. 27.
- League Reviewing NCUA Budget Proposal
October 27, 2023Your League is carefully reviewing the NCUA's just-released budget proposal. "It’s vitally important the industry remains engaged with NCUA on its budget priorities, with the goal of striking a balance between protecting against risk, while also fostering an environment of innovation that best positions credit unions to succeed,” said League President/CEO Carrie Hunt.
- CUNA-Led Litigation Results in Nationwide Stay of CFPB’s 1071 Rule
October 26, 2023Credit unions are now protected by a nationwide injunction preventing implementation of the Consumer Financial Protection Bureau’s Section 1071 rule, thanks to quick legal action by CUNA, Cornerstone League and Rally Credit Union of Corpus Christi, Texas.