Latest News & VACUL Headlines
- Which Parent, if Anyone, is Teaching Kids About Finance? Here’s What New Survey Found
May 19, 2022Families have a long way to go in terms of preparing children to become financially self-sufficient, according to findings from a survey conducted by the National Financial Educators Council (NFEC). So which parent is more likely to teach kids about money?
- Support for Building Credit Access for Veterans Act Expressed by NAFCU
May 19, 2022Support for the Building Credit Access for Veterans Act of 2022 has been expressed by NAFCU in a letter to the House Veterans Affairs Committee. This draft mirrors legislation introduced in the Senate last year (S. 1838).
- FOM Modernization Markup Continues into Wednesday
May 18, 2022The House Financial Services Committee will continue its markup of several credit union-supported bills, including the Expanding Financial Access for Underserved Communities, Wednesday. The markup went into Tuesday evening before breaking for a series of votes on the House floor.
- Bipartisan Crypto Plan Would Create Oversight Body for Fintech
May 18, 2022Sen. Cynthia Lummis, R-Wyo., wants to create a new oversight body for emerging financial technologies that do not fall under the jurisdiction of existing regulators.
- With Bills in Markup, Trades Press Congress to Take Action
May 18, 2022CUNA and the state leagues continue to press Congress to support a number of bills that are in markup before the House this week. NAFCU weighed in on the legislation here.
- 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.