Latest News & VACUL Headlines
- Repeat Offenders Beware…the CFPB is Looking at You
April 1, 2022Earlier this week, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra delivered a seemingly innocent speech regarding repeat offenders to a law school. Focusing on repeat offenders is a priority of the CFPB under Director Chopra’s leadership ... Learn more
- US Treasury Proposes 4 Digital Asset-Related Tax Reporting Requirements
March 31, 2022President Joe Biden's proposed 2023 budget included four new tax reporting requirements related to digital assets.
- NCUA Issues CDRLF Report to Congress
March 31, 2022The National Credit Union Administration released its 2021 Community Development Revolving Loan Fund (CDRLF) Report to Congress, highlighting the fund’s significant and positive impact on credit unions, their members, and their communities.
- FFIEC Has Updated the 2022 A Guide to HMDA Reporting: Getting It Right!
March 31, 2022The Federal Financial Institutions Examination Council (FFIEC) announced yesterday it has updated its 2022 A Guide to HMDA Reporting: Getting It Right.
- Fraud & Security: Are Credit Unions Protecting Their ACH Payments?
March 31, 2022ACH payments are popular with credit unions and their members. But are credit unions properly protecting faster payments fraud?
- US Threatens Crypto Exchanges, Financial Institutions Aiding Russia
March 31, 2022The U.S. will personally hold accountable any cryptocurrency exchange, financial institution or individual who helps Russia get around sanctions, according to a report by CNBC.
- Bank/BNPL Lender Divide Dominates Comments to CFPB
March 31, 2022One theme emerging in the Consumer Financial Protection Bureau’s request for public comments about buy now/pay later loans is that consumers need clarity over what they're getting into.
- Corporate Check Fraud Reported
March 31, 2022Credit union cashier's checks and/or corporate checks that closely resemble credit union authentic checks have been presented for payment at financial institutions in connection with scams. Slight alterations in check color, check stock, logo, or location of key credit union check branding elements have been reported. In many cases, Routing & Transit Number (RTN) and MICR information are accurate.
- US Housing Market: 2022 Opens With 19.2% House Price Surge
March 31, 2022House prices in the U.S. rose even further by January-end, increasing 19.2% year over year, based on the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.
- Net Neutrality Concerns Raised in House FCC Hearing as Agency Remains Deadlocked
March 31, 2022Federal communications authorities and lawmakers on both sides of the aisle agreed that all Americans need to be connected to the internet, but some partisan broadband issues were in the air at a March 31 hearing.