Advocate Blog
Join the conversation about the latest laws, regulations and political issues having an impact on Virginia's credit unions.
- BREAKING NEWS: Parity Measure Passes State Senate; On Fast Track to Passage in House
February 11, 2022Our parity powers legislation has passed the state Senate on a unanimous vote and is nearing passage in the House. Companion bills SB329 and HB209 will make the process easier for state-chartered credit unions to exercise the same powers as their federally chartered peers.
- CU Parity Bill Passes House Subcommittee; Could Be Heard by Full Committee Next Week
February 4, 2022Our parity powers legislation took an important step in the House of Delegates last night with a Commerce and Energy subcommittee's unanimous vote to report the bill to the full committee for its consideration.
- NCUA Issues Succession Planning Proposal
January 28, 2022NCUA issued a proposed rule on succession planning and heard briefings on supervisory priorities and the Central Liquidity Facility (CLF) Thursday. The board also finalized a rule on statutory inflation of civil money penalties. Comments on the succession planning proposal are due by April 4. View the Federal Register entry.
- Credit Union Representatives Visit State Lawmakers In Support of Legislation
January 27, 2022Credit union representatives from across the state visited the state Capitol Thursday in support of two measures being considered by the General Assembly. Credit unions met with key leaders, patrons and other lawmakers on two parity measures.
- House Passes Secondary Capital Bill; Updates on Other CU Legislation
January 26, 2022Credit Union advocates: Here's a quick update on our legislation.
- Contact Your State Lawmakers in Support of CU Legislation
January 26, 2022Contact Your State Lawmakers on Jan. 27! Help Us Lobby for Credit Union Measures Being Debated at the Virginia General Assembly!
- League Offers Comments On NCUA's Draft Strategic Plan
January 25, 2022Your League on Monday filed comments on the National Credit Union Administration's draft strategic plan.
- State Senate Passes CUs' 'Secondary Capital' Bill
January 21, 2022Our secondary capital bills continue to advance in the General Assembly, with the state Senate voting unanimously today to pass SB326. Companion bill HB268 is on the House floor and looks to pass that chamber next week. The legislation would fix the Virginia statute so that the NCUA’s Subordinated Debt Rule will not be in conflict with the Virginia Code.
- Nomination of NCUA Chairman Harper Advances Out of Banking Committee
January 20, 2022The nomination of current NCUA Board Chairman Todd Harper to serve a full term on the NCUA Board was advanced to the full Senate by the Senate Banking Committee in a 17-7 bipartisan vote while meeting in Executive Session on Wednesday, according to a report from NAFCU. The full Senate will still need to consider the nomination for Harper to be confirmed.
- CUNA Files Brief with Appellate Court in FDCPA Lawsuit
January 20, 2022CUNA joined the Chamber of Commerce and multiple bank trade associations in filing an amicus brief this week in a Fair Debt Collection Practices Act (FDCPA) case that will be heard en banc by the 11th Circuit Court of Appeals. Hunstein v. Preferred Collection and Management Services, Inc. could expand the potential actions that would violate the FDCPA.