Latest News & VACUL Headlines
- NCUA Board Meets Feb. 17
February 14, 2022The NCUA Board revealed its agenda for the scheduled Feb. 17 meeting. The NCUA revealed their agenda for their Feb. 17 meeting.
- Regulatory Alert (22-RA-03) 2022 Truth in Lending Act (Regulation Z) Adjustment to Asset-Size Exemption Threshold
February 14, 2022The Consumer Financial Protection Bureau (CFPB) published annual adjustments for asset-size exemption thresholds under the Truth in Lending Act (TILA), as implemented by Regulation Z, which became effective on January 1, 2022. The asset-size thresholds exempt certain credit unions from escrow account requirements for higher-priced mortgage loans and specific qualified mortgages under Regulation Z.
- Bank-Fintech Partnerships Win Key Battle, But War is Far From Over
February 14, 2022Fintechs can more comfortably avoid state interest rate caps by partnering with banks after two recent court decisions — at least for now.
- Foreclosure Filings Hit Pandemic Highs in January, but Delinquencies Keep Falling
February 14, 2022Foreclosures by one measure rose to a pandemic high during January, but they and delinquencies overall remained far below long-term averages last quarter.
- Chartway’s Refreshed Brand Identity Conveys Its Promise to Help Individuals, Families Thrive
February 14, 2022Chartway is proud to announce its refreshed look/feel and new logo to reflect its promise to innovate and embrace change to serve its current members and the next generation. Learn more.
- NCUA Provides Updates on Annual Asset-Size Exemption Thresholds Under TILA
February 14, 2022A new regulatory alert from NCUA provides an update on the annual adjustments to asset-size exemption thresholds under the Truth in Lending Act (TILA) in effect for certain types of mortgage activity in 2022.
- US Credit unions Working Off Excess Liquidity
February 11, 2022Liquid assets, which are cash and cash equivalents plus investments maturing in one year or less, peaked in the first quarter of 2021. Liquidity totaled $402.56 billion at March 31, 2021, almost double from year-end 2019 as credit unions maneuvered their balance sheets for greater safety and flexibility. The liquidity ratio, which shows liquid assets as a proportion of total assets, rose to 20.4% from 12.9%.
- Kebede: January CPI Increases Household Expenses
February 11, 2022Prices increased slightly in January after showing signs of deceleration in December. Consumers felt the pressure on their household finances due to broad-based increases across several items such as food, utilities, housing, and health care.
- African American CU Coalition to Host Commitment to Change Webinar on Feb. 18
February 11, 2022The African America Credit Union Coalition will host the first webinar in its 2022 Commitment to Change Conversation Series on Feb. 18 at 1 p.m. To register, go here.
- First-Time Homebuyer Affordability at its Worst in 3 Years
February 11, 2022It’s getting harder to afford a home in the U.S. For first-time buyers, mortgage payments jumped to 25.6% of household incomes in the fourth quarter, the worst affordability level in three years, according to the National Association of Realtors. The share was 22.4% a year earlier.