Latest News & VACUL Headlines
- Technology and Children’s Privacy: Understanding COPPA
August 8, 2022The Children’s Online Privacy Protection Act, enforced by the FTC, says that any site or service (think apps) that COPPA covers has to get a parent’s (or in some cases, a school’s) OK before it collects personal information from a child under age 13. Understand your responsibilities.
- CUNA Mutual Group’s ‘What Matters Now™ Research Explores Multicultural, Multigenerational Consumer Insights
August 8, 2022CUNA Mutual Group released its new What Matters Now™ consumer research, exploring multicultural and multigenerational consumer insights.
- League Urges CUs, Members to Contact Lawmakers on Interchange Bill
August 8, 2022Your League is calling on credit unions to voice their concerns with the Credit Card Competition Act, which was introduced by Sens. Dick Durbin (D-IL) and Roger Marshall (R-KS). The legislation poses a serious threat to sensitive financial data for millions of consumers by allowing the nation’s largest retailers to bypass established secure payment networks.
- League Amps Up Advocacy Initiatives on Interchange
August 8, 2022Your League is working to combat a bill in Congress that would alter the current interchange system.
- Resources Available for ICU Day
August 8, 2022Provide your staff and members with International Credit Union Day-themed gear from the Member Celebrations Store. Items include: t-shirts, cups, pens, piggy banks and much more. The early bird discount deadline is Sept. 5.
- League Opposes Senate Bill S.4698, The Improving Cybersecurity of Credit Unions Act
August 5, 2022Your League is strongly opposed to a proposed Senate bill which would grant the NCUA examination authority over CUSOs and third-party vendors and is advocating against its advancement.
- Lawsuit Says Equifax Error Made Loan Pricier
August 5, 2022A Florida woman has sued Atlanta-based Equifax claiming she was denied a car loan because of a 130-point mistake in her credit report that she says was part of a larger group of credit score errors the ratings agency made this spring due to a coding problem.
- State Corporation Commission Denies Addition of Virginia Medical Society to Virginia Credit Union’s Field-of-Membership
August 3, 2022In a disappointing decision with potential national implications for field-of-membership expansions, the Virginia State Corporation Commission has denied authorization for Virginia Credit Union to add a group of state medical professionals to its field-of-membership.
- Economic Update Covers High-Interest Rate, High-Inflation Environment
August 2, 2022The latest economic and credit union system outlook is available in CUNA's latest?Economic Update video, with CUNA’s Senior Economist Dawit Kebede leading the discussion.
- NAFCU Compliance Blog: CFPB Releases Report Highlighting Military Complaints
August 1, 2022The Consumer Financial Protection Bureau’s (CFPB) Office of Servicemember Affairs released its annual report identifying trends among consumer complaints submitted by servicemembers, veterans, and their families. The report highlights credit and consumer reporting issues and medical billing and collection issues as some of the most common types of complaints received by the Office of Servicemember Affairs.