Latest News & VACUL Headlines
- Registration Open for CUNA Mutual Group’s 13th Annual Discovery Conference
June 3, 2022Registration is now open for CUNA Mutual Group’s 13th Annual Discovery Conference on Aug. 11, 2022. The no-cost, all-day event will feature eight breakout sessions, two keynote addresses and two panel discussions - for a total of 12 sessions.
- NAFCU Compliance Blog: Credit Unions and the Automatic Stay
June 3, 2022Under 11 U.S.C. 362, once a debtor files for bankruptcy, an automatic stay is placed on most collection activity against the debtor. This stay prevents a creditor from taking any collection activity against the debtor, sometimes even when the credit union is merely reminding the debtor of their monthly payment (e.g. “your bill is ready” emails). As such, it is important that credit unions be on the lookout for notices that a member has declared bankruptcy.
- Richmond-Area Credit Unions Hit the Links in Support of VACUPAC
June 2, 2022Fifty-four golfers teed off in the Richmond-area Bill Dawson VACUPAC Golf Tournament on Thursday. Hosted and organized by Henrico Federal Credit Union, the annual fundraiser supports the Virginia Credit Union Political Action Committee (VACUPAC), the political action committee for Virginia-based credit unions.
- CUNA Releases May Economic Update
June 1, 2022In the May 2022 CUNA Economic Update, Chief Economist Mike Schenk discusses the overall health of the economy, the Federal Reserve’s next steps, and the stock market.
- The Department of Justice Combats Exploitation, Offers Resources to Protect Older Adults
June 1, 2022As part of its ongoing efforts to combat the exploitation of older Americans, the Department of Justice has resources available for you and your customers, members and clients. The Department's website has a roadmap to help seniors and advocates report exploitation, as well as a tool to help locate resources in various states. Additionally, each U.S. Attorney's Office has a designated elder justice coordinator. Consider reaching out to your local office if you identify significant exploitation of an older adult.
- AARP Announces New BankSafe Training Features
June 1, 2022AARP has announced a major upgrade of its award-winning training and resource suite, which are available at no cost to all credit unions, banks and financial advisors. The refreshed training includes all-new interactive scenarios, victim testimonials and has an increased focus on empathy through a variety of new features.
- Member One FCU's Alan Wade Among Nominees for CFO Award
June 1, 2022Alan Wade, of Member One Federal Credit Union, is among the nominees for the Virginia Business magazine's CFO Awards. Congratulations to Alan!
- Is the 30-Year Mortgage on Its Way to Being the 40?
June 1, 2022Both CUNA and NAFCU have told the Department of Housing and Urban Affairs (HUD) they support its notice of proposed rulemaking that would allow mortgagees to modify a mortgage insured by the Federal Housing Administration (FHA) by recasting the total unpaid loan for a new term limit of 480 months (40 years) to cure a borrower’s default.
- League Compliance Roundtable Set for June 29
June 1, 2022Count on your League to help you manage today's complex regulatory compliance environment. Join us June 29 for our second in a series of webinars designed to aid your team in building its compliance resources, boosting its regulatory expertise, and saving time.
- CFPB Should Bolster Oversight of Nonbank Financial Services
June 1, 2022CUNA appreciates the CFPB bolstering its oversight of nonbanks in consumer financial services, it said in comments on a procedural rule amending the procedures the CFPB uses to establish supervisory authority over a nonbank based on risk determination.