Latest News & VACUL Headlines
- 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.
- Cannabis Banking Bill Likely to Pass Senate in 2022 as Democrats Align
March 23, 2022Legislation permitting banks to lend to cannabis companies may finally cross the finish line this year as Senate Democrats align with their House counterparts.
- Goldman Sachs Executes 1st OTC Cryptocurrency Transaction
March 23, 2022Goldman Sachs Group Inc. completed its first over-the-counter cryptocurrency transaction with the trading of a bitcoin non-deliverable option.
- Home Equity, Personal and Auto Loans Led Growth in January
March 23, 2022Overall credit union loans outstanding increased 0.7% in January of 2022, compared to a 0.9% increase in December of 2021 and a 0.09% decrease in January of 2021, according to CUNA’s latest Monthly Credit Union Estimates.
- JUST ADDED: Ignite 2022 Adds Board-Focused Session on Best Practices
March 23, 2022We're pleased to announce the addition of a Board-focused education session at Ignite 2022! TEAM Resources' Kevin Smith will present a program titled, "Best Practices of the Modern Credit Union Board."
- Another State Bars Credit Union Acquisitions of Banks
March 23, 2022A new Mississippi law effectively prohibits credit unions from buying state-chartered banks. Mississippi joins Iowa and Colorado in banning such deals. Litigation is pending in Tennessee and Nebraska over credit unions' proposed bank acquisitions announced in 2021.