Latest News & VACUL Headlines
- CFPB: Help Available to Homeowners Struggling to Make Housing-Related Payments Due to the Pandemic
February 11, 2022The CFPB posted a blog entry today on the Homeowner Assistance Fund. The Homeowner Assistance Fund (HAF) was established by the American Rescue Plan Act to help homeowners financially impacted by COVID-19 with housing-related costs. This federal assistance program provides money to states, Tribes, territories, and the District of Columbia to assist homeowners with housing-related costs. The Virginia program is available.
- Digital Assets, Ledger Technology Need 'Substantial Regulation'
February 9, 2022Credit unions have significant concerns with the potential for cryptocurrency and digital asset platforms to exploit regulatory loopholes if not subject to substantial regulation, CUNA wrote to the House Financial Services Committee Tuesday.
- Confirmed for the Inclusiv CDFI CU Roundtable at GAC: Senator Mark Warner
February 9, 2022Inclusiv welcomes Senator Mark Warner, D-VA as a speaker at Inclusiv's CDFI CU Roundtable at the 2022 GAC! Senator Warner has been a staunch advocate in our financial inclusion and community development movement, championing various initiatives for the recovery of underserved communities from the COVID-19 pandemic, including the passing of $12 billion dollars in funding to support CDFIs and MDIs.
- NCUA Transfers Publications Ordering to Government Publishing Office
February 9, 2022The National Credit Union Administration announced today that it will transfer the sale and distribution of NCUA publications to the United States Government Publishing Office (GPO).
- CISA Issues Alerts Relating to Russian Cyberthreats, Ukraine Cyber Incidents
February 9, 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.
- New VA Rule Relieves Financial Distress for Thousands of Veterans with Medical Bills
February 9, 2022The Department of Veterans Affairs (VA) took a major step towards protecting veterans and their families by announcing a change to when it will report information on outstanding medical bills to consumer reporting companies.
- CUNA IRA Advanced eSchool Provides Guidance on Complex Issues
February 9, 2022CUNA IRA Advanced eSchool, to be held Fridays from Feb. 25 through April 15, will help credit union staff assist members with complex IRA needs including death, trusts, distributions and other legal issues.
- Overdraft Fees: Holding the Moral High Ground
February 9, 2022An early financial services trend of 2022 involves big banks announcing plans to eliminate or dramatically reduce overdraft fees.
- As CUs Continue to Nibble Away at MBL Cap, What About the Cap Itself?
February 8, 2022The credit union trade groups continue to work Congress as they seek to nibble around the edges of the member business loan (MBL) cap in place for federal credit unions, which has now been in place for more than two decades. But will the cap itself ever be removed?
- Beneficial Ownership Database Could Provide Significant Relief
February 8, 2022Credit unions are highly supportive of the creation of a beneficial ownership database and hope it will greatly ease meeting customer due diligence obligations under the Bank Secrecy Act (BSA) CUNA wrote to the Financial Crimes Enforcement Network (FinCEN) Monday.