Latest News & VACUL Headlines
- Firm Timeline, Deadlines Needed for Blocked Call Codes
February 2, 2022The Federal Communications Commission (FCC) should require voice service providers to transition to the use of specific codes to notify callers of a blocked call, CUNA and other organizations wrote to the FCC Tuesday. This includes providing a specific date to use the required codes.
- Northwest Federal Wins an Energage 'Top Workplace' Award for the Third Year in Row
February 2, 2022 - A Crypto Breakthrough? Western States Consider Taking Digital Currency
February 2, 2022The dreams of crypto enthusiasts inched closer to reality in recent days as lawmakers in Wyoming and Arizona put forward proposals that would allow those states to accept tax payments in the form of digital currencies.
- Regulatory Alert (22-RA-01) Home Mortgage Disclosure Act Data Collection Requirements for Calendar Year 2022
February 2, 2022Credit unions that make residential mortgage loans and meet four other criteria must comply with the Consumer Financial Protection Bureau’s Regulation C, which implements the Home Mortgage Disclosure Act (HMDA).
- Cold, Winter Conditions Deliver Potential Office Safety Issues
February 2, 2022As colder winter weather reaches most parts of the country, credit unions need to be aware of safety hazards that could be introduced. As the weather changes, so do the risks to your credit union business. These risks can include slippery conditions – both inside and outside branch offices – and even the use of portable space heaters which can introduce serious fire and other safety hazards.
- Bill to Freeze Virginia’s Minimum Wage Increase Passes House of Delegates
February 2, 2022A bill (HB320) to freeze Virginia’s minimum wage at $11 an hour and stop an increase set for next year passed the House of Delegates on a party-line vote Tuesday, but the measure will likely fail in the state Senate.
- FASB Eliminates TDR Requirements for CECL Adoptees
February 2, 2022The Financial Accounting Standards Board Wednesday agreed to a CUNA-supported update to the current expected credit loss (CECL) standard. CECL is an accounting standard that recognizes lifetime expected credit losses.
- Credit Union System Digitization Group Releases 2021 End-of-Year Report
February 1, 2022The Credit Union System Digitization Working Group released its 2021 End-of-Year Report, which includes the latest insights from credit union leaders who are creating an industrywide roadmap for digitization. For the second half of 2021, the Credit Union System Digitization Working Group developed a framework for benchmarking and self-assessment tools that will help credit unions execute new and existing digital strategies.
- FASB to Meet This Week With Items of Interest to CUs on the Agenda
February 1, 2022The Financial Accounting Standards Board (FASB) is set to meet Wednesday, and the agenda includes several items of interest for credit unions.
- Virginia Could Kill Its First-in-U.S. Workplace Covid-19 Measure
February 1, 2022Virginia officials may rescind the state’s first-in-the-nation standard for protecting workers from COVID-19 infections.