Latest News & VACUL Headlines
- CUNA: CPI reaches 40-Year high, signaling increase in interest rates
January 13, 2022CUNA Senior Economist Dawit Kebede issued the following statement in response to the Labor Department’s December Consumer Price Index Report: “The Federal Reserve will most likely raise interest rates earlier than anticipated to control inflation. This is in addition to ending its support for the economy in the form of large asset purchases. This will raise the cost of borrowing for consumers and will reduce excess demand for goods.”
- CFPB Issues Bulletin to Prevent Unlawful Medical Debt Collection and Credit Reporting
January 13, 2022The Consumer Financial Protection Bureau (CFPB) today released a bulletin reminding debt collectors and credit bureaus of their legal obligations in light of the No Surprises Act, which protects consumers from certain unexpected medical bills. Companies that try to collect on medical bills that are prohibited by the No Surprises Act, or who furnish information to credit bureaus about such invalid debts, may face significant legal liability under the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA).
- CUNA Digital Marketing School Will Be Held online May 10-12
January 13, 2022Registration is now open for CUNA Digital Marketing School, to be held virtually, May 10-12. Topics range?from?digital?strategy?and execution,?to website reporting and tracking, to SEO and?digital advertising channels.
- Supreme Court Blocks Biden’s Workplace Vaccine Rules
January 13, 2022BREAKING NEWS: The Supreme Court on Thursday blocked the Biden administration’s Covid-19 vaccine-or-testing rules for large private employers, upending the government’s most aggressive effort to combat the pandemic in the workplace.
- Economic Update Examines Financial Well-Being for All Details
January 12, 2022CUNA Chief Economist Mike Schenk takes an in-depth look into CUNA’s Financial Well-Being for All initiative in this month’s Economic Update video. Schenk also discusses how Financial Well-Being for All informs CUNA and League strategy, and how CUNA is approaching the initiative internally.
- Become a Better Lender: ULEND Academy Set for Feb. 8-10; Registration Closes Jan. 21
January 12, 2022Ready to amp up your lending skills? Your League is proud to offer CUNA Mutual Group’s popular ULEND Academy Feb. 8-10 as a virtual learning experience for credit union lenders looking for real-world solutions to today’s toughest lending challenges.
- League Meets with Key Lawmakers, Newest Members of the House as General Assembly Convenes
January 12, 2022We're off and running at the Virginia General Assembly! This morning, League President/CEO Carrie Hunt and Grassroots Programs and Political Fundraising Director CeJae Vtipilson met with all 17 new members of the House or one of their key aides.
- FHFA Director Nomination Hearing Scheduled This Week
January 11, 2022The Senate Banking, Housing, and Urban Affairs Committee will conduct a nomination hearing on Sandra Thompson to be Director of the Federal Housing Finance Agency Thursday.
- Rep. Perlmutter Announces Not Seeking Re-Election; Championed Cannabis Banking, CU Bills
January 11, 2022Rep. Ed Perlmutter of Colorado, one of Congress’s loudest advocates for cannabis banking legislation and a friend to credit unions, will not seek reelection in 2022.
- FinCEN Requests Comments on Renewal of the OMB Control Number for Reports of Transactions with Foreign Financial Agencies
January 11, 2022On January 11, 2022, the Financial Crimes Enforcement Network (FinCEN) published in the Federal Register a 60-day notice to renew the Office of Management and Budget (OMB) control number assigned to the regulation requiring reports of transactions with foreign financial agencies (31 CFR 1010.360).