Latest News & VACUL Headlines
- 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.
- The Next Frontier for Buy Now, Pay Later is Plastic
June 13, 2022In the face of rising inflation, higher interest rates and slowing economic growth, there’s more competition than ever for consumers’ dollars — and even how their purchases are made. But as Americans tighten their belts, BNPL’s big players, including Sezzle, Zip, Affirm and Klarna, are trying a new tactic to lure consumers — and it looks a lot like an old credit card.
- IRS Increases Mileage Rate for Remainder of 2022
June 13, 2022The Internal Revenue Service (IRS) today announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business and certain other purposes.
- OFAC Publishes Russia-Related FAQs
June 13, 2022OFAC has published seven new FAQs and updated two previously issued FAQs, all relating to its Russian Harmful Foreign Activities Sanctions.
- Achieva Credit Union Launches Bitcoin Trading in its Mobile App
June 13, 2022Florida-based Achieva Credit Union announced the launch of a bitcoin service on its mobile app in partnership with NYDIG.
- What the End of ‘Chevron Deference’ Could Mean for Banks
June 13, 2022The culmination of a yearslong push from conservative lawyers to undercut the broadest powers of federal agencies could unsettle decades of American banking law and fundamentally reshape the industry’s relationship to its regulators, scholars say.