Latest News & VACUL Headlines
- Fed Watching Red-Hot Housing Market for Financial Stability Risks
March 28, 2022It’s beginning to look a lot like 2007 in the U.S. housing market, and the Federal Reserve Board has taken notice.
- Rep. Stephen Lynch Introduces Bill to Create Treasury-Issued Digital Currency
March 28, 2022Rep. Stephen Lynch, D-Mass., introduced a bill on March 28 that would create a Treasury-issued, hardware-secured digital currency, distinct from a central bank digital currency and capable of offline, peer-to-peer transactions without digital ledgers, blockchain, or accounts.
- Biden Budget Would Boost Funding for SBA Loans, Fighting Financial Crime
March 28, 2022The Biden administration has proposed more funding for government agencies tasked with combating illicit finance, Small Business Administration programs that back private-sector lending, affordable housing financed by community development financial institutions, as well as efforts to combat climate change and the risk it poses to the financial system.
- Lending Likely to Slow in ’23, Recession Possible in '24 or '25, Suggests New CUNA Mutual Forecast
March 28, 2022With the Fed now embarking on a monetary tightening cycle, credit unions should look for lending to slow next year and watch for signs of a recession, which might come as early as summer 2024, according to a new CUNA Mutual Group forecast.
- TRGroup Offering Demos of Business Partners' Products, Services
March 28, 2022The TRGroup, in collaboration with its seven member state leagues (including the Virginia Credit Union League), is excited to invite credit union executives to participate in a virtual “DEMO DAY” on April 13.
- Retired NCUA Examiner David Nichols Passed Away March 22
March 28, 2022We are saddened to hear of the passing of David Nichols, a longtime NCUA examiner and a former League employee.
- 2021 HMDA Data on Mortgage Lending Now Available
March 25, 2022The Home Mortgage Disclosure Act (HMDA) Modified Loan Application Register (LAR) data for 2021 are now available on the Federal Financial Institutions Examination Council’s HMDA Platform for approximately 4,316 HMDA filers.
- HCFS Announces Updates to March Committee Schedule
March 25, 2022House Committee on Financial Services, announced the following schedule updates for the month of March.
- Hampton Roads Educators Credit Union Awards 5 Scholarships
March 25, 2022Hampton Roads Educators Credit Union (HRECU) awarded five scholarships to local high school seniors and school employees.
- CFPB Director Chopra Statement on Appraisal Task Force Report
March 25, 2022Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra issued a statement yesterday regarding the final report of the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE).