Advocate Blog
Join the conversation about the latest laws, regulations and political issues having an impact on Virginia's credit unions.
- Key Issues Intact in Custodia-Fed Lawsuit Over Master Accounts
November 15, 2022Key issues in the Custodia case concerning the nature of regional reserve banks, the structure of the Federal Reserve System and the process for obtaining access to the Fed's payment systems are all fit for trial, U.S. District Court of Wyoming Judge Scott Skavdahl ruled Friday.
- NCUA Chairman Harper Testifies on State of the Credit Union Industry at Senate Hearing
November 15, 2022NCUA Chairman Todd M. Harper, along with other financial regulatory agency principals, testified today at a hearing before the U.S. Senate Committee on Banking, Housing, and Urban Affairs.
- NAFCU Calls Attention to CU Priorities Ahead of Hearing with NCUA’s Harper
November 15, 2022The Senate Banking Committee today will hold an oversight hearing with federal financial regulators’ leaders, including NCUA Chairman Todd Harper. Ahead of the hearing, NAFCU sent a letter detailing legislative priorities for credit unions to ensure they can effectively serve their members and operate in a fair regulatory environment.
- Divided Government to Benefit Credit Unions
November 14, 2022Americans voted overwhelmingly last week for a divided government, an outcome that NAFCU and CUNA think will give an edge to credit unions.
- Cortez Masto Wins in Nevada; Democrats Hold Onto Senate
November 14, 2022The Associated Press called the Nevada Senate race for incumbent Democrat Catherine Cortez Masto Saturday night, securing Democratic control of the upper chamber while several races in the House remain too close to call.
- Comp Selection is at the Heart of Appraisal Bias, Advocacy Groups Claim
November 14, 2022A study conducted by the National Community Reinvestment Coalition this summer found that racial disparities in home valuations exist and that biases in selecting comps are a big factor.
- As Crypto Investments Sputter, Payments Get a Second Wind
November 14, 2022Even after the so-called crypto winter saw the valuations of many prominent digital currencies plummet, crypto companies are teaming with payment firms to make a growth push.
- With Banking Regulators on the Sidelines, Congress Eyes Crypto Legislation after FTX Implosion
November 14, 2022The stunning fall from grace of crypto firm FTX is prompting policymakers across Washington to consider how regulation of the broader cryptocurrency world could affect the financial system, including the safety and soundness of banks.
- How Credit Unions Can Use Data to Reach the Underserved
November 14, 2022Credit unions competing for market share in underserved communities against large banks and challenger financial institutions need to harness deeper data sets to better understand the needs of potential members.
- CUNA Releases Post-Election Analysis, Resources
November 14, 2022CUNA’s election site, CUNA.org/elections, has been newly updated with CUNA’s post-election analysis, including a list of current results, and ads in support of candidates.