Latest News & VACUL Headlines
- 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.
- US Banks' Q1 Auto Loans Show Steady Sequential Growth
June 1, 2022U.S. banks' collective auto loan portfolio grew at a modest pace in the first quarter despite the automotive industry facing significant supply chain challenges. The banking industry's auto loan portfolio rose at a steady pace of 1.4% to $545.12 billion in the first quarter on a sequential basis, according to an analysis by S&P Global Market Intelligence.
- Credit Card Delinquencies, Charge-Offs Stay Muted as Consumers Pay Down Balances
June 1, 2022Credit cardholders have remained in good shape as they pay down their balances more than they did before the COVID-19 pandemic, top executives of major U.S. credit card issuers said.
- League Hosting Legislative Receptions in Richmond, Roanoke, Waynesboro, Hampton Roads in August; Register Now
June 1, 2022Your League is hosting legislator receptions in Roanoke, Richmond and Greater Hampton Roads in August. These events are free to attend, but we do ask that you register to aid us in planning.
- BayPort Credit Union Wins Industry CUNA Marketing Award for Checking Campaign
June 1, 2022BayPort Credit Union is pleased to announce it was honored with a Diamond Award by the Credit Union National Association (CUNA) Marketing and Business Development Council for Excellence in Marketing at the March 2022 Council Conference.
- FFELP Student Loan Borrowers: Take Full Advantage of Fixes to Income-Driven Repayment
May 31, 2022Under income-driven repayment (IDR) plans, federal student loan borrowers can have the remaining balance of their student loans forgiven after 20 or 25 years of qualifying payments. On April 19, the Department of Education (ED) announced that it will give borrowers credit toward loan forgiveness for some months that were not counted previously.