Latest News & VACUL Headlines
- DOJ Launches Crackdown To Enforce Russia Sanctions; Powell Calls For 'Strong' Crypto Regs
March 4, 2022Sweeping sanctions against Russia over its invasion of Ukraine will be immediately and aggressively enforced, the U.S. Department of Justice said Wednesday, unveiling a task force of more than a dozen attorneys to hunt for violators and seize the assets of Russian oligarchs. Meanwhile, Federal Reserve Chair Jerome Powell told senators on Thursday that recent concerns that cryptocurrencies could potentially be used to skirt Russian sanctions are bolstering the case for stronger oversight of digital finance.
- CUNA Mutual Group Trends Report: CU Auto Loan Balances Expected To Finally Grow
March 4, 2022Credit unions will soon see their auto loan portfolios begin to grow again, CUNA Mutual Group’s latest Trends Report indicates.
- FHFA Announces Record Funding for Affordable Housing Programs
March 4, 2022The Federal Housing Finance Agency (FHFA) announced Monday that the Housing Trust Fund and Capital Management Fund would receive $1.138 billion from Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs). This represents the largest amount of funding provided to these programs by the GSEs to date.
- League Celebrating the Commonwealth's Credit Unions at CUNA Governmental Affairs Conference
March 1, 2022Virginia is well-represented at this year's CUNA Governmental Affairs Conference, with more than 130 attendees on hand from 18 Virginia-based credit unions.
- Home Prices Surge to Another High
March 1, 2022Annual home price appreciation continued unabated in January with growth accelerating at its fastest rate in decades and leading to overvaluation in some markets, according to CoreLogic.
- CU Parity Measures Reach Final Legislative Step; On Their Way to Governor's Desk and Becoming Law
March 1, 2022As of today, our two credit union parity measures have won final approval in both houses of the General Assembly and await the governor’s signature.
- URGENT RISK ALERT: Vizo Financial Reports Phishing Scam Using Its Name
March 1, 2022Vizo Financial was made aware of a phishing attempt email being sent to credit unions. The email claims to be coming from Vizo Financial Corporate Credit Union with a subject line of "Zephyr User Deactivated." Please be aware that these emails are NOT being sent by Vizo Financial or any of its staff. This is a phishing attempt email.
- CFPB Moves to Thwart Illegal Auto Repossessions
March 1, 2022The Consumer Financial Protection Bureau (CFPB) is moving to thwart illegal repossessions in the heated auto market. A compliance bulletin issued yesterday reveals conduct observed during CFPB examinations and enforcement actions, including the illegal seizure of cars, sloppy record-keeping, unreliable balance statements, and ransom for personal property.
- 4Q2021 Credit Union Profile Now Available
March 1, 2022The latest Credit Union Profile (4Q2021) is now available. The Credit Union Profile is a quarterly publication of your League providing a statistical snapshot of the state and national credit union industries.
- Reminder: CISA Issues Alerts Relating to Russian Cyberthreats, Ukraine Cyber Incidents
February 28, 2022The U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) issued two alerts addressing risks from Russian State-Sponsored cyber threats and highlighting recent malicious cyber incidents suffered by public and private entities in Ukraine.