Latest News & VACUL Headlines
- CU4Kids Fundraiser Asks For CUs to Donate Portion of Foreign ATM Transaction Fees
February 4, 2022In April, Credit Unions for Kids is asking all credit unions to participate in a cooperative fundraiser that involves donating a portion of the CU’s ATM Foreign Transaction Fees to Children’s Miracle Network hospitals.
- Comments Due April 4 on NCUA's Proposed Rule on Succession Planning
February 4, 2022Comments on NCUA's proposed rule on succession planning are due by April 4. View the Federal Register entry here.
- CU Parity Bill Passes House Subcommittee; Could Be Heard by Full Committee Next Week
February 4, 2022Our parity powers legislation took an important step in the House of Delegates last night with a Commerce and Energy subcommittee's unanimous vote to report the bill to the full committee for its consideration.
- Regulatory Alert (22-RA-02) Submission of 2021 Home Mortgage Disclosure Act Data
February 3, 2022Credit unions located in metropolitan areas that engage in certain types and volume of residential mortgage lending, and that had assets exceeding $48 million as of December 31, 2020, must file a report this year on mortgage loan applications received during 2021. The filing is required under the Home Mortgage Disclosure Act (HMDA), as implemented by the Consumer Financial Protection Bureau’s (CFPB’s) Regulation C. Credit unions subject to HMDA requirements in calendar year 2021 must submit loan/application register data to the CFPB by March 1, 2022.
- Credit Unions Encouraged to Implement Cyber Measures to Protect Against Possible Threats
February 3, 2022Recently the Cybersecurity and Infrastructure Agency (CISA) issued an alert to urge organizations to implement immediate cybersecurity measures to protect against potential threats.
- InfoSight Provides Access to Law Summaries for All 50 States; Resources Impacting Credit Unions
February 3, 2022As credit unions continue to grow and open branches with members in different states, it’s important to have a tool that provides summaries of state laws that impact credit unions. InfoSight provides national access to state law summaries and resources for all 50 states! Visit InfoSight today!
- Democrats Circulate Bill to Rein in Stablecoins
February 3, 2022Congressional Democrats are crafting legislation that would establish the first federal rules and prudential backstops for stablecoins, according to draft legislation obtained by American Banker.
- Virginia Lawmaker Wants to Add COVID Vaccine Requirement to List of Workplace Discrimination Protections
February 3, 2022A proposed law seeks to prohibit public employers, schools and numerous other government organizations in Virginia from requiring individuals to obtain the COVID-19 vaccine.
- Fed Should Resist Re-Opening Debit Regulation, Durbin Changes
February 3, 2022Attempts to tighten Durbin Amendment regulations would make it increasingly difficult for financial institutions to provide robust core banking services, CUNA and other organizations wrote to the Federal Reserve this week. The letter was sent in response to the Fed’s recent proposal to re-open Regulation II, which covers debit card interchange fees and routing.
- CUNA Opens Registration for 'CUNA GAC On-Air'
February 3, 2022Credit Union National Association (CUNA) opened registration today for “CUNA GAC On-Air,” a limited-content, virtual option to attend the 2022 Governmental Affairs Conference (GAC). “CUNA GAC On-Air,” will include CUNA President/CEO Jim Nussle’s speech, the ED (Filene) talk with Mick Ebeling, an economic update with CUNA Chief Economist Mike Schenk, and more.