Latest News & VACUL Headlines
- 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.
- House Democrats Elect Don Scott as Minority Leader
June 1, 2022Democrats in the House of Delegates elected Del. Don Scott Jr., D-Portsmouth, as the new minority leader. The party’s caucus voted behind closed doors Wednesday as the legislature reconvened in Richmond to take action on the proposed state budget. Scott defeated Del. Charniele Herring, D-Alexandria, and Del. Rip Sullivan, D-Fairfax, who also sought the leadership spot.
- ValleyStar RISE Foundation Charity Golf Tournament Raises $50,000 to Support Children’s Miracle Network Hospitals
June 1, 2022The ValleyStar RISE Foundation is thrilled to announce that this year’s Big Tee Off golf tournament raised $50,000 for Children’s Miracle Network after a two-year hiatus.
- CU Pride Leadership Conference Set for June 3; Registration Still Open
June 1, 2022CU Pride Month launches on Friday, June 3 with the CU Pride Leadership Conference. NCUA Chairman Harper will kick us off with opening remarks and then we will have a powerful lineup of panelists who will tackle topics that emphasize both the why and the ROI of investing in the LGBTQ+ community.
- Litigation Leaves CFPB’s Payday Rule in Limbo
June 1, 2022For the past five years, the payday lending industry has successfully fought off federal regulations of short-term, small-dollar loans by suing the Consumer Financial Protection Bureau. But, the years-long litigation over the CFPB’s payday rule may finally be coming to a head ...
- New Bill Aims To Give Big Tech Its Own Regulator
June 1, 2022Google, Meta, Apple, Amazon and other tech companies may need to deal with a new digital platform regulator in the U.S. if Congress passes a bill that seeks to create a Commission to rein in Silicon Valley’s power.