Latest News & VACUL Headlines
- Crypto Firms Celsius, Binance Halt Withdrawals as Bitcoin Plummets
June 13, 2022Two cryptocurrency companies on Monday blocked users from withdrawing funds as the value of bitcoin and other prominent digital assets plunged.
- US Credit Unions Add 1.4 Million Members in 1Q22
June 13, 2022U.S. credit unions reported 132.2 million members at the end of March, a 1.1% increase quarter over quarter and a 4.0% increase year over year, according to S&P Global Market Intelligence data.
- CFPB Ends No-Action Letter with Fintech Lender Upstart Network
June 10, 2022The Consumer Financial Protection Bureau and the online lender Upstart Network have mutually terminated a “no action letter” that was the first agreement of its kind to give a fintech immunity from regulatory actions.
- FHFA, CFPB Urge Financial Firms to Offer Disclosures in Spanish
June 10, 2022Two regulatory agencies are urging lenders to provide disclosures to consumers in the language of their choice, a move that could presage future requirements that lenders make more accommodations for borrowers not proficient in English.
- Credit Conditions Expected to Weaken This Year: Bank Economists
June 10, 2022Bank economists are starting to sour on the possibility of robust loan growth for the rest of the year, as higher interest rates and a decelerating economy cause credit availability to tighten.
- Credit Unions Announce Two Illinois Bank Deals in Three Days
June 10, 2022Credit unions announced two deals for Illinois community banks in the first three days of June, making nine announcements so far this year. At their current pace, 2022 credit union-bank deal announcements are on track to surpass the record 13 announcements made in both 2021 and 2019, excluding terminations.
- Post-Examination Survey Briefing on NCUA’s June 16 Agenda
June 10, 2022The NCUA board will hear a briefing on its post-examination feedback survey at its June 16 meeting. The meeting is scheduled to begin at 10 a.m. The meeting will be streamed live on NCUA.gov.
- Cybersecurity Advisory Warns of Chinese Cyberattacks
June 10, 2022The National Security Agency, Cybersecurity and Infrastructure Security Agency, and Federal Bureau of Investigation issued a joint cybersecurity advisory on cyberattacks from China. The advisory describes the ways in which state-sponsored cyber actors continue to exploit publicly known vulnerabilities in order to establish a broad network of compromised infrastructure.
- CUNA Collections, Bankruptcy School Offers Introduction, Advanced Learning Options
June 10, 2022Credit union professionals will learn industry-specific strategies for improving their collections and bankruptcy programs while connecting with peers and experts in their field at CUNA Collections & Bankruptcy School, Sept. 19-22 in San Antonio.
- Here’s the Inflation Forecast, Mortgage Rates Prediction from CUNA Mutual’s Chief Economist
June 10, 2022CUNA Mutual Group's latest Trends Report is now available. The Credit Union Trends Report is a monthly "pulse check" on the state of the credit union marketplace, often placed in a historical context. The report includes data from two months prior and is published and distributed by Steven Rick from CUNA Mutual Group.