Latest News & VACUL Headlines
- CUNA Files Comments with Treasury on Digital Assets
August 15, 2022CUNA wrote to the Treasury in response to a request for information on digital asset development. CUNA notes credit unions support a “whole-of-government” approach to the issue, as outlined in President Joe Biden’s March executive order on the subject. The letter also reiterates CUNA’s concerns with proposals for a central bank digital currency. CUNA believes the creation of a CBDC could “significantly worsen the provision of financial services.”
- 'Credit Union Difference' on Display for State Legislators
August 12, 2022CUNA, Leagues, and credit unions engaged with hundreds of state lawmakers from around the country over the last few weeks at the American Legislative Exchange Council (ALEC) in Atlanta and the National Conference of State Legislatures (NCSL) in Denver.
- CU Economists: Inflation Eases, but Fed Will Want to See More
August 12, 2022CUNA and NAFCU economists say reports early next month on jobs and inflation will influence the size of the Fed’s next rate hike. Also read: The Only Thing That Got Cooler in July was Inflation: Here’s How 2 CU Economists View What’s Happening
- Would a Proposed Credit Card Law Be as Costly as CUs Claim?
August 12, 2022The Credit Card Competition Act shares many similarities with the Durbin amendment and as such, could see that same outcome transition from the debit realm to the credit market, said Greg Mesack, senior vice president of government affairs for NAFCU. NOTE: You can aid our advocacy efforts by writing your lawmakers on this important legislation!
- Understanding the Retail Bank that Apple Quietly Built
August 12, 2022Apple's multiple forays into banking services haven't exactly been hidden, but only now is the tech giant's potential to become a retail financial services powerhouse coming into focus. What will it look like once all the pieces are in place? Read on to see what's coming to your customers' iPhones.
- Three Marketing Messages to Help Your Members Fight Inflation
August 12, 2022People are fearful when it comes to inflation, but your credit union can provide members the tools they need to fight back. Here are three marketing messages to help members fight inflation.
- Five Charts Explaining Why Inflation is So High
August 12, 2022Months of high inflation have had policymakers, economists and U.S. households grappling with greater price hikes for gas, groceries, cars, rent and other essentials. (Subscription to the Washington Post may be required.)
- Citing Lower Risk, CDC Changes COVID-19 Exposure Guidelines
August 12, 2022The Centers for Disease Control and Prevention eased COVID-19 exposure and quarantine guidelines Thursday, saying that between population-level immunity and available treatments, the risk of contracting severe COVID-19 is now extremely low in the United States.
- Bill Would Give CFTC Direct Oversight Over Certain Cryptocurrencies
August 12, 2022On Aug. 3, U.S. Senators Debbie Stabenow (D-MI), John Boozman (R-AR), Cory Booker (D-NJ), and John Thune (R-SD) introduced the Digital Commodities Consumer Protection Act of 2022 to give the Commodity Futures Trading Commission (CFTC) new tools and authorities to regulate digital commodities. The bill would give the CFTC direct oversight over cryptocurrencies that qualify as “digital commodities,” which would include bitcoin and ether.
- Legislation Seeks to Clarify Digital Asset Reporting Requirements
August 12, 2022On Aug. 3, U.S. Sens. Rob Portman (R-OH), Pat Toomey (R-PA), Mark Warner (D-VA), Cynthia Lummis (R-WY), and Kyrsten Sinema (D-AZ) introduced legislation to clarify the digital asset reporting requirements signed into law as part of last year’s Infrastructure Investment and Jobs Act.