Latest News & VACUL Headlines
- PAVE Action Plan Includes Reconsideration of Value Steps
March 24, 2022The interagency task force on Property Appraisal and Valuation Equity released its Action Plan to Advance Property Appraisal and Valuation Equity Wednesday morning. CUNA has engaged with the agencies that compose PAVE on the need for assessing racial and other bias in the appraisals process.
- Investment Banks Capitalize on Surge in Credit Union-Bank M&A Deals
March 24, 2022Investment banks are reaping the benefits of a recent surge in U.S. credit union-bank M&A deals.
- CFPB Warns Against Trying To Manipulate Customer Reviews
March 24, 2022The Consumer Financial Protection Bureau is warning banks and other financial services firms against attempting to manipulate the reviews that consumers leave about them online, stressing that honesty is the best policy when it comes to customer feedback. Read more
- Risk Alert (22-RISK-01) Heightened Risk of Social Engineering and Phishing Attacks
March 24, 2022The ongoing conflict in Ukraine has raised concerns about potential cyberattacks in the U.S., including those against the financial services sector. All credit unions and vendors, regardless of size, are potential targets for cyberattacks. Read the Risk Alert
- Rise in Wire Fraud Partially Attributed to Exhausted Homebuyers
March 24, 2022With potential buyers becoming more desperate to secure a property, the hot housing market has been a driving force in the increase in wire fraud and other Internet crime schemes, the head of a title industry verification company said.
- PayPal Suit Poses Broad Threat to CFPB Authority
March 24, 2022A legal fight between PayPal Holdings and the Consumer Financial Protection Bureau over digital wallets could upend the bureau’s authority to mandate consumer protection disclosures across the financial services industry.
- Mortgage Loan Modifications Rose 40% in 4Q: OCC
March 24, 2022Serious delinquencies improved in the fourth quarter of 2021, but modifications and foreclosure starts rose as borrowers exited forbearance in droves, according to the Office of the Comptroller of the Currency, according to an article from National Mortgage News.
- Southeast CUNA Management School - Early Bird Registration Rate
March 24, 2022Registration for the 2022 session of the Southeast CUNA Management School is now open! Please note that the early bird registration rate of $1,945 is only valid through April 22. Please click here to register online.
- RISK ALERT: Protect Your CU in Lease Agreements
March 23, 2022Some credit unions are looking to derive extra income by leasing available space as a source of this income. As the landlord or lessor, you can dictate the terms of the lease, excluding legal requirements that may benefit the renter or lessee. Contract language risks to be concerned with includes the verbiage / conditions and terms in the lease, hold harmless agreements, the type of business, and the potential interaction between the operation of the credit union and the business. Learn more
- Biden Warns Private Sector: ‘Harden Your Cyber Defenses Immediately’ and Prepare for Cyberattacks from Russian Government
March 23, 2022In stark language, President Biden urged U.S. businesses to prepare for potential cyberattacks from the Russian Government.