Latest News & VACUL Headlines
- 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.
- Nussle to Congress: Marshall-Durbin Bill Will Hurt Consumers
August 11, 2022CUNA President/CEO Jim Nussle wrote to all 535 members of Congress Wednesday in strong opposition of the credit card bill from Sens. Roger Marshall, R-Kan., and Dick Durbin, D-Ill. CUNA and Leagues continue to call on credit unions, Leagues, and members to oppose the bill. Note: You can help our cause by contacting your lawmakers today!
- US Small Banks Post Stronger Loan Growth, Wider Net Interest Margins in Q2
August 11, 2022U.S. community banks generally reported improved loan growth and net interest margin in the second quarter compared to a year earlier, according to data collected and analyzed by S&P Global Market Intelligence.
- Banking Groups Plead with Biden Administration for Bigger Crypto Role
August 11, 2022The nation's top banking trade associations told the Biden administration that its cautious approach to digital assets is stifling the industry, while the broader crypto sector continues to operate with little government oversight.
- CFPB Says Big Tech Digital Marketers Liable for Unfair, Deceptive Practices
August 11, 2022The Consumer Financial Protection Bureau said that digital marketing firms that use algorithms or other analytics to target specific customers with ads or content can be held liable for abuses under federal law. The interpretive rule is just the latest in a string of changes to hold nonbank financial and technology firms accountable by bringing them under the CFPB's authority.
- CFPB Fines Mobile Savings App Digit $2.7 Million for Overdraft Charges
August 11, 2022The Consumer Financial Protection Bureau slapped the San Francisco technology firm Digit, a unit of the consumer lender Oportun, with a $2.7 million fine for failing to prevent consumers from triggering overdraft fees on their bank accounts. The agency also said the company pocketed interest on consumers' checking accounts.