Latest News & VACUL Headlines
- Fed Raises Rates by 75 Basis Points; More Hikes Coming, Says CU Economist
June 15, 2022The Federal Reserve’s Open Market Committee has voted to increase interest rates by three-quarters of a percentage point, a quarter-point more than many analysts had expected as it seeks to temper ongoing inflation.
- Although Well-Intentioned, NAFCU Says Bill That Would Expand FOM Increases Regulatory Burden
June 15, 2022Although it has credit union support, NAFCU wants Congress to revisit several aspects of the Financial Services Racial Equity, Inclusion, and Economic Justice Act package, which includes the just-passed Expanding Financial Access for Underserved Communities Act, saying it brings greater regulatory burden.
- Fannie Mae Introduces New Refinance Application-Level Index
June 15, 2022Fannie Mae has launched its Refinance Application-Level Index (RALI), a weekly series designed to provide the market timely and comprehensive tracking of refinance activity and historical trends, Fannie Mae announced.
- What’s in a Name? A Credit Union's LGBTQ Program Finds a Wider Audience
June 14, 2022Credit unions that tailor services for members of the LGBTQ community may find an unmet need among other demographics as well.
- Credit Unions Support Approach of Bipartisan Data Security, Privacy Bill
June 14, 2022Credit unions strongly support the enactment of a national data security and privacy law with robust security standards that is preemptive of state laws, CUNA wrote to a House Energy and Commerce subcommittee Tuesday. Credit unions strongly support the enactment of a national data security and privacy law with robust security standards that is preemptive of state laws.
- ILC Loophole Bill Scheduled for Markup This Week
June 14, 2022The House and Senate are both in session this week and will consider various legislation. The House Financial Services Committee will hold a markup on the CUNA-supported Close ILC Loophole Act (H.R. 5912) starting Tuesday.
- CUNA Research: Housing, Energy, Food Prices Led May Price Increases
June 13, 2022Consumer prices remained elevated in May in line with consensus expectations. Price increases were evident in all major categories with housing, energy, and food prices contributing the most. Used car prices went up last month after showing a decline in the previous three consecutive months.
- Eltropy Announces Acquisition of POPi/o
June 13, 2022League and TRGroup business partner Eltropy announced the acquisition of Video Banking leader POPi/o. The acquisition not only strengthens Eltropy’s industry-leading Digital Communications platform, but it also represents one of the fastest fintech expansions in the market.
- This Week: Lawmakers Discuss DEI Package, NAFCU-Sought FOM Bill, Overdraft Fees, More
June 13, 2022The House and Senate remain in session and have several hearings scheduled this week. The association will continue to advocate on behalf of the industry to ensure credit union voices are heard.
- For 7th Year in a Row, Navy FCU Ranked No. 1 for Customer Experience
June 13, 2022For the seventh year in a row, Navy Federal Credit Union has been ranked No. 1 among multichannel banks for customer experience (CX) quality by the 2022 Customer Experience Index from Forrester.