Latest News & VACUL Headlines
- CFPB Mischaracterizes Many Financial Services Fees in RFI
April 13, 2022CUNA strongly objects to the Consumer Financial Protection Bureau’s (CFPB) classification of a broad range of common financial services fees as “junk fees,” it wrote Monday. CUNA responded to a CFPB request for information (RFI) on fees imposed by financial services providers. So did your League.
- U.S. State Department Establishes a Bureau of Cyberspace and Digital Policy
April 13, 2022The U.S. State Department formally launched the Bureau of Cyberspace and Digital Policy (CDP) last week as part of a longstanding effort to weave international diplomacy into federal efforts to combat the rise of malicious nation-state cyberattacks and the proliferation of criminal ransomware.
- NCUA Issues Cybersecurity Alert on Increased Likelihood of Cyberattacks on Financial Institutions
April 13, 2022In compliance, you have to know a little bit about a lot, and be willing to work closely with other teams to ensure that everything is working together to ensure a compliant organization. That happens to include having some IT-related knowledge, especially in the realm of information and cyber security ... Read more
- Risk Forum Slated for April 19: How to Navigate Emerging Risks
April 13, 2022Join CUNA Mutual Group's expert risk management panelists and hundreds of your credit union peers as they discuss the evolving threats to your credit union organization
- NCUA Webinar on Overdraft Programs
April 13, 2022Last week, NCUA hosted a webinar to discuss overdraft programs and alternatives. At the start of the webinar, chairman Harper explained how heavy reliance on overdraft programs can harm members, especially during the pandemic when some members had changes in their account use and deposits. Harper also made it clear that a complete discontinuance of overdraft programs was not necessarily the best fit for all credit unions, but encouraged credit unions to review how these programs are used ... Learn more
- NCUA Board Approves Proposed Rule to Recognize Electronic Pleadings and Communications
April 13, 2022NCUA identified sections of the Uniform Rules that should be modified to recognize electronic pleadings and communications in administrative hearings and other sections that require modification based on the experience of the agencies in administrative litigation.
- NCUA Releases Community Development Revolving Loan Fund Report to Congress
April 13, 2022The NCUA has issued its Community Development Revolving Loan Fund Report to Congress, which includes a complete list of grant and loan awardees and a breakdown of awardees and funding by state in 2021.
https://www.ncua.gov/files/publications/cdrlf-congressional-report-2021.pdf
- Here’s How Credit Unions Performed Overall to Kick Off 2022
April 12, 2022Credit union loans outstanding increased 1.0% in February 2022, compared to a 0.7% increase in January of 2022 and a 0.2% decrease in February of 2021, according to CUNA’s latest Monthly Credit Union Estimates.
- CUBroadcast: NCUA's Harper Addresses Consumer Financial Protection, Appraisal Bias
April 12, 2022NCUA Chairman Todd M. Harper appeared on CUBroadcast’s show this week for part 3 of a conversation with host Mike Lawson. Harper discusses the latest in consumer financial protection and mortgage lending appraisal bias. View the program.
- League's Comment Letter to CFPB on Fees: CUs' Fees Represent Cost of Doing Business, Some Fees Already Regulated
April 11, 2022We filed a comment letter today noting our concerns that the CFPB is attempting to move the financial service market towards a regime where all fees are included in the cost of credit. We believe this major market shift requires significant study, given that it would have a negative impact on credit unions and their members.