Latest News & VACUL Headlines
- White House Must Go Further on New Pandemic Response, Say Former Biden Advisers, Other Expertsperts
March 7, 2022A team of former Biden COVID advisers and dozens of other outside experts on Monday released more than 250 discrete recommendations in a new report, arguing that the White House must take additional steps to combat the virus and reduce the risk of other infectious diseases, with the goal of avoiding the societal disruptions that have characterized the past two years.
- Registration Opens for 2022 Inclusiv Annual Conference
March 7, 2022Come early, stay late! Join us for the 2022 Inclusiv Annual Conference in San Juan, Puerto Rico at the Fairmont El San Juan Hotel on May 2-4. Conference registration is now open! We have also released the schedule!
- NCUA Releases 2021 Fourth Quarter Credit Union System Performance Data
March 7, 2022According to the latest financial performance data released today by the National Credit Union Administration, total assets in federally insured credit unions rose by $215.8 billion, or 11.7 percent, to $2.06 trillion over the year ending in the fourth quarter of 2021, and insured shares and deposits grew $166.8 billion, or 11.4 percent, to $1.63 trillion.
- IRS Updates FAQs on Tax Credits for Paid Leave Under the Families First Coronavirus Response Act for Leave Prior to April 1, 2021
March 5, 2022The Internal Revenue Service this week updated its frequently asked questions (FAQs) on Tax Credits for Paid Leave Under the Families First Coronavirus Response Act for Leave Prior to April 1, 2021.
- Lenders Warned They Risk Irrelevance If They're Not Inclusive
March 4, 2022Many credit unions and banks have recognized the need for their leadership to reflect the diversity of their communities. But that’s only the first step. Even lenders that have focused on diversity, equity and inclusion in their ranks may not have fully translated that into providing access to financial services to people who might be turned away by mainstream banks.
- League, CUs Wrap Up Busy Week of Advocacy
March 4, 2022Credit unions and the League are wrapping up a busy and successful week of advocacy in Washington, D.C. and Richmond.
- Will Regulatory Scrutiny Chill Bank M&A This Year — or Hasten It?
March 4, 2022For banks, there's a new rush to find merger partners, and it's not just about an acquiring bank’s desire to enter new markets or add new business lines. Federal regulators’ amped-up scrutiny of bank mergers has raised fears that M&A activity could stall later this year, and that’s creating a sense of urgency to cinch deals now, according to bankers and industry advisors.
- Retailer Group Urges Congress to Call Off April Interchange Fee Hike
March 4, 2022The Merchants Payments Coalition is launching an advertising campaign urging policymakers to block a change in credit card interchange fees set to take effect next month.
- Biden’s CFTC Nominees Call for More Powers to Police Crypto
March 4, 2022President Biden’s four nominees to join the Commodity Futures Trading Commission told lawmakers that the main U.S. derivatives overseer should take on new responsibilities regulating cryptocurrencies.
- Reps Introduce Bipartisan FCU Act Update
March 4, 2022Reps. Juan Vargas (D-Calif.) and Anthony Gonzalez (R-Ohio) Tuesday introduced the CUNA-League supported Credit Union Board Modernization Act (H.R. 6889), to update the Federal Credit Union Act by modifying the requirement that credit union boards meet once a month to not less than six times per year.