Latest News & VACUL Headlines
- Seeking Market Stability, Some Crypto Firms Implying Deposits Federally Insured
July 22, 2022One of the latest casualties of the crypto market turmoil could portend a larger push by regulators to crack down on how industry players market themselves to consumers, especially as it relates to federal deposit insurance.
- NCUA Adjusts ONES Supervision Threshold; Issues Cyber Incident Proposal
July 22, 2022The NCUA board approved its final asset threshold supervision rule and issued a proposal on cyber incident reporting at its meeting Thursday. The board also heard a briefing on the 2022 mid-session budget.
- What’s Next for Cryptocurrency, Blockchain?
July 22, 2022Company coins and blockchain-based smart contracts could affect credit union deposits and lending, note experts.
- Recession Will Begin Earlier Than Expected, Says Fannie Mae Forecast
July 22, 2022Amid record inflation and higher interest rates, expectations for full-year 2022 and 2023 real GDP growth were downgraded in July due to softening consumer spending and a downward revision to business inventory investment data, according to the July 2022 commentary published by the Fannie Mae Economic and Strategic Research (ESR) Group.
- Potential for FHFA to Purchase More Nonconforming Loans from CDFIs is Addressed by Director
July 22, 2022FHFA Director Sandra Thompson has offered some direction around the agency’s posture regarding pilot programs and the purchase of more noncomforming loans from CDFIs.
- Lawmakers Back Fintechs Making SBA Loans
July 22, 2022Senators Tim Scott, R-S.C., and John Hickenlooper, R-Colo., and Reps. Jason Crow, D-Colo., and Byron Donalds, R-Fla., urged Small Business Administrator Isabella Guzman to lift the moratorium on allowing financial technology firms to serve as small business lending companies and to include them under its flagship small business loan program.
- Bill to Regulate Stablecoins in Offing
July 22, 2022New legislation to regulate stablecoins is more likely as U.S. lawmakers moved closer to a bipartisan agreement to impose basic safeguards on volatile cryptocurrency markets, The Wall Street Journal reported.
- Crypto-Regulation Bill Unlikely to Get Senate Vote This Year, Lummis Says
July 22, 2022A sweeping piece of legislation that would overhaul how the cryptocurrency industry is regulated by Washington is unlikely to be voted on this year by the US Senate, according to one of the lawmakers driving the effort.
- EMERGE Leadership Certification Program - EPN Seminar: Overview of Credit Union System, Philosophy, Understanding Financials/Key Ratios, and Legislative Advocacy
July 22, 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.
- CFPB Extends Comment Deadline for Customer Service RFI to Aug. 22
July 21, 2022The Consumer Financial Protection Bureau (CFPB) extended the comment deadline for its customer service request for information (RFI) by 60 days. The new deadline is Aug. 22. CFPB seeks "comments from the public related to relationship banking and how consumers can assert the right to obtain timely responses to requests for information about their accounts from banks and credit unions with more than $10 billion in assets.