Latest News & VACUL Headlines
- White House Announces New Round of Federal Student Loan Relief
August 25, 2022President Biden has announced a new round of federal student loan debt relief, saying he is cancelling $10,000 in debt for those earning less than $125,000 per year and $20,000 for those who had received Pell grants for low-income students.
- Banking Groups Challenge CFPB’s RFI on Customer Service
August 25, 2022Banking trade groups are challenging a request for information (RFI) issued by the Consumer Financial Protection Bureau (CFPB) regarding customer service at large financial institutions. In a joint letter dated August 22, the Bank Policy Institute, Consumer Bankers Association, and the American Bankers Association objected to the CFPB’s insinuation that big banks are providing a sub-par customer experience and challenged the CFPB’s authority to regulate customer service.
- Mortgage Rates Climb Again, Jumping to More Than 5.5%
August 25, 2022Mortgage rates jumped higher this week as investors tried to make sense of data that gave mixed signals about the health of the US economy. The 30-year fixed-rate mortgage averaged 5.55% in the week ending August 25, up from 5.13% the week before, according to Freddie Mac. That is significantly higher than this time last year when it was 2.87%.
- CUNA Mutual Group's Emerging Risks Outlook: August 2022
August 25, 2022Staying current on emerging risks, loss trends, and integrating risk management into your day-to-day business plans and operations is critical. CUNA Mutual Group offers a risk overview and resources this month on climate change.
- League Seminar: Overview of Credit Union System, Philosophy, Understanding Financials/Key Ratios, and Legislative Advocacy
August 25, 2022Gain an understanding of what makes credit unions tick and our role in the financial services marketplace, including the financials that drive our success, the philosophy on which our industry was built, and the obligation each of us has in advocating for credit unions.
- For Big Banks, Headwinds for Loan Growth After Strong 2Q
August 25, 2022Big banks' loan machines were firing on most cylinders in the second quarter, but a strengthening array of headwinds
appears to be sapping momentum as banks toughen underwriting and interest rates rise ... - Registration for League's CEO Forum Now Open
August 25, 2022Join us Oct. 18 for the League's CEO Forum, a special low-cost conference targeted to small- and mid-sized credit unions featuring industry experts and regulators addressing current opportunities and challenges.
- GreenState CU Still Eyeing Nebraska Expansion after Bank Deal Collapse
August 25, 2022Two battles with state banking regulators over the legality of credit unions' bank purchases will not discourage GreenState CU from future bank M&A, the institution's CEO said. GreenState CU and Premier Bank terminated their planned transaction after a judge upheld the Nebraska Department of Banking and Finance's decision denying the bank permission to sell to the credit union.
- URGENT REMINDER: Host Hotel Discount Ends Sept. 2 for League's GROWTH Conference
August 24, 2022The deeply discounted room rate at the Hilton Garden Inn for your League’s GROWTH Conference (Sept. 14-16) ends Sept. 2! Act now to ensure you get the best possible rate! Book your room here!
- CUs, League Host Greater Hampton Roads Lawmakers at Aug. 23 Reception
August 24, 2022Credit unions and the League played host to 10 lawmakers and legislative aides at a legislative reception in Newport News on Aug. 23.