Latest News & VACUL Headlines
- National Illicit Finance Strategy For 2022
May 18, 2022The Treasury Department issued the 2022 National Strategy for Combatting Terrorist and Other Illicit Financing (2022 Strategy), which identifies measures to increase transparency in the U.S. financial system and strengthen the U.S. anti-money laundering/counter the financing of terrorism (AML/CFT) framework.
- VA Amends Regs on Fiduciary Activities
May 18, 2022The Department of Veterans Affairs has published a final rule [87 FR 29671] amending its regulations that govern fiduciary activities.
- Fed Board Amends Rates in Regs A and D
May 18, 2022The Federal Reserve Board has published final rules in a recent Federal Register amending Regulation A (Extensions of Credit by Federal Reserve Banks) and Regulation D (Reserve Requirements of Depository Institutions) to increase certain interest rates.
- NAFCU Compliance Blog: Spring 2022 Supervisory Highlights Part II: Mortgage Origination, Prepaid Accounts, Remittances, and Student Loan Servicing
May 18, 2022This second installment of the blog series covering the Consumer Financial Protection Bureau’s (CFPB) recently released Supervisory Highlights will include examination issues regarding mortgage origination, prepaid accounts, remittances, and student loan servicing. Check out NAFCU's recent blog reviewing auto servicing, consumer reporting, credit card account management, debt collection, and deposits. The Supervisory Highlights are a great tool for credit unions to understand examination trends.
- CU Pride Leadership Conference Set for June 3
May 18, 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.
- New Crypto Hires Insufficient to Overcome SEC's Resource Constraints
May 18, 2022The U.S. Securities and Exchange Commission's cryptocurrencies and cybersecurity enforcement unit will likely be too small to tackle all issues in the sector, even after the addition of 20 new posts.
- Mortgage Boom Is Over, MBA Drops Originations Forecasts Again
May 18, 2022The Mortgage Bankers Association on Monday lowered forecasts again for originations – for both this year and next, and for purchases and refinancings.
- Susan M. Gruber Named President/CEO of UVA Community Credit Union
May 17, 2022The Board of Directors at UVA Community Credit Union is pleased to announce the appointment of Susan M. Gruber as President and Chief Executive Officer of UVA Community Credit Union.
- Scams Target Older Americans at an Alarming Rate
May 17, 2022The number of elderly victims impacted by fraud has risen at an alarming rate, while the loss amounts are even more staggering.
- CFPB Providing Guidance to Other Agencies on Enforcing Federal Consumer Financial Law
May 17, 2022To promote consistency among enforcers and fair competition in the market, the Consumer Financial Protection Bureau (CFPB) is launching a new system to provide guidance to other agencies with consumer financial protection responsibilities on how the CFPB intends to enforce federal consumer financial law. The CFPB will issue Consumer Financial Protection Circulars to the broad set of government agencies responsible for enforcing federal consumer financial law.