Latest News & VACUL Headlines
- League Offices Closed July 4
June 30, 2022Your League's offices in Richmond and Lynchburg will be closed July 4. We'll resume operations on July 5.
- Bankers’ Group Tells Commerce Department Digital Assets, Central Bank Digital Currency Both Pose Risks
June 30, 2022The Independent Community Bankers of America (ICBA) is urging the Commerce Department to recognize what it says are the risks posed by digital assets — including a U.S. central bank digital currency — as policymakers consider a regulatory framework.
- Mayor Cuts Ribbon on Carytown Branch
June 29, 2022Richmond Mayor Levar Stoney cut the ribbon to officially open Virginia Credit Union’s newest branch location in the Carytown Place Shopping Center on Monday, June 27.
- CDFI Fund Offering $1.73B to Help Communities Recover from Pandemic
June 29, 2022Credit unions designated as Community Development Financial Institutions (CDFIs) have until August 23 to apply for grants under the CDFI Fund’s Equitable Recovery Program.
- FFIEC Releases 2021 Mortgage Lending Data
June 29, 2022Data on 2021 mortgage lending transactions reported by 4,338 U.S. financial institutions under the Home Mortgage Disclosure Act (HMDA) is available via the Federal Financial Institutions Examination Council. Covered institutions include credit unions, banks, savings associations, and mortgage companies.
- Chartway Congratulates Doug Almeida on Promotion to Vice President of Digital Banking
June 29, 2022Chartway is proud to announce that Doug Almeida has been promoted from director of lending analytics to serve as our vice president of digital banking.
- Committee Passes ILC Loophole, Down-Payment Assistance Bills
June 24, 2022The House Financial Services Committee advanced two CUNA-supported bills Thursday: the Close the ILC Loophole Act (H.R. 5912) and Downpayment Toward Equity Act of 2021 (H.R. 4495). CUNA wrote in support of both bills prior to the committee’ markup.
- CFPB, NCUA Rules on Spring 2022 Unified Agenda
June 24, 2022Federal regulators, including the Consumer Financial Protection Bureau and NCUA—issued the Spring 2022 Unified Agenda of Regulatory and Deregulatory Actions. The agendas identify projects under consideration from the agencies from June 1 to May 31, 2023.
- Cannabis Banking Reform Removed from U.S.-China Bill
June 23, 2022A bill that would provide banks a legal safe harbor to work with cannabis firms was removed from a larger legislative package focused on bolstering U.S. economic competitiveness with China, lawmakers announced Thursday.
- CFPB Announces Review of Credit Card Financial Institution Late Fees, Penalties
June 23, 2022The CFPB Wednesday announced an Advance Notice of Proposed Rulemaking (ANPR) in an effort to sharply reduce the $12 billion in late credit card fees that financial institutions, including credit unions, collect each year.