Blog
- SCC Hearing Next Week for Hugely Significant CU Field-of-Membership Case
October 19, 2021Virginia Credit Union and your League will be back before the State Corporation Commission next week, for the latest formal hearing in a now years-long field-of-membership case.
- CU at the Polls! Election Day is Nov. 2
October 19, 2021Election Day is Nov. 2, but voting in Virginia’s general election began last month. Voters are casting ballots for governor, lieutenant governor, attorney general, members of the House of Delegates and several local races. We'll CU at the Polls!
- League Comments on Bank Regulators' Interagency Guidance on Third-Party Relationships
October 18, 2021Your League has submitted comments to the FDIC, OCC and the Fed on the "Proposed Interagency Guidance on Third-Party Relationships: Risk Management." Noting that credit unions and banks use many of the same vendors, the League wrote credit unions have a deep interest in the proposal and how future action by the NCUA might be shaped by information gleaned from the work of the banking regulators.
- Expanded IRS Reporting Could Lead to ‘Serious Negative Consequences’
October 15, 2021More than 100 organizations wrote to Congressional leaders Thursday, noting the additional compliance required by taxpayers and financial institutions under proposed new Internal Revenue Service reporting requirements. Your League urges you to reach out to your lawmakers today in opposition to this proposal. You can easily do so here.
- CUSO Final Rule, Cybersecurity Briefing on NCUA’s Oct. 21 Agenda
October 15, 2021The NCUA board will vote on final rules involving credit union service organizations (CUSOs) and the CAMELS rating system at its Oct. 21 meeting. The meeting will be available via live audio stream starting at 10 a.m. on NCUA.gov on Oct. 21.
- Lawmakers Clash Over Government's Role in Preserving Cash
October 15, 2021Despite the rapid advancement of digital payments, many people still rely on cash, leading to partisan disputes over the best way to ensure consumers who need paper bills can avoid being shut out of the financial system, notes an article from American Banker. (Subscription may be required.)
- League Files Comment Letter on Complex Credit Union Leverage Ratio; Risk-Based Capital
October 14, 2021Your League will today file its comment letter on NCUA's Complex Credit Union Leverage Ratio - Risk-Based Capital proposed rule. Read the letter
- Gridlock, Dysfunction Hit Redistricting Commission
October 14, 2021For all you watching the twists and turns related to the bipartisan commission redrawing the commonwealth's electoral districts, we thought you might appreciate recent posts and articles related to the commission's ongoing internal battles.
- CUNA Mutual Group: Corporate Check Fraud Report
October 14, 2021A handful of credit unions report their corporate check accounts are being fraudulently used, notes a CUNA Mutual Group release.
- Pelosi Says Expanded IRS Reporting Will Be in Final House Bill
October 13, 2021Speaker of the House Nancy Pelosi (D-Calif.) said Tuesday that language expanding financial institution reporting requirements to the Internal Revenue Service (IRS) would be included when the House takes up its final reconciliation bill. CUNA, Leagues, and credit unions strongly oppose the language, which was not present in the House Ways and Means Committee-passed bill. Contact your lawmakers now through CUNA's Grassroots Action Center!