Latest News & VACUL Headlines
- Supreme Court Seems Skeptical of Biden’s Vaccine Rules for Businesses
January 7, 2022Conservative Supreme Court justices on Friday appeared skeptical that the Biden administration has the legal authority to impose a broad coronavirus vaccination-or-testing requirement on large employers, casting doubt on President Biden’s most ambitious plan to fight the pandemic, reports the Washington Post.
- Sara DePauw Hired as SVP Lending for Northwest Federal Credit Union
January 7, 2022Northwest Federal Credit Union announces the hiring of Sara DePauw as Senior Vice President of Lending. DePauw replaces Erin Krause, who was promoted to Chief Member Experience Officer earlier this year. Read more
- New Ginnie Mae Director Should Examine Treatment of CUs
January 6, 2022CUNA raised several pertinent credit union issues with new Government National Mortgage Association (GNMA) President Alanna McCargo in a letter Thursday. McCargo was confirmed to lead the agency in December.
- CUNA Backs TDR Changes for FIs That Have Adopted CECL
January 5, 2022CUNA supports a proposed accounting standards update from the Financial Accounting Standards Board (FASB), it wrote FASB in late December.
- Important Notice About CUNA's Governmental Affairs Conference: DC Mask, Vaccine Requirements
January 5, 2022CUNA Governmental Affairs Conference attendees will be required to follow all local and federal guidelines that are in place at the time of our conference. In advance of your arrival to Washington D.C., CUNA will be asking you to verify your vaccine status through an independent provider. Details will be shared once the verification protocols have been finalized.
- Senate Banking Panel to Hold Powell, Brainard Hearings Next Week
January 5, 2022The Senate Banking Committee will hold separate hearings next week for Jerome Powell on his nomination to a second term as Federal Reserve chair and for Lael Brainard’s elevation to vice chair.
- CDC’s Latest Guidance On Isolation, Quarantine
January 5, 2022On Jan. 4, the agency posted the updated coronavirus isolation and quarantine recommendation, along with a rationale for the guidance. It continues to maintain that people without symptoms do not need a negative test result to resume interacting with others.
- CFPB: HMDA Filing Period Has Begun
January 5, 2022The CFPB has notified email update subscribers that the filing period for HMDA data collected in 2021 opened on Jan. 1, 2022. Access the HMDA Platform to begin the filing process for data collected in 2021 at https://ffiec.cfpb.gov/filing.
- As SOFR Gains Favor, Other Benchmark Rates Face Uncertain Future
January 4, 2022With the lights almost out on the scandal-plagued Libor interest rate, a successor touted by regulators has quickly become the leading benchmark for business loans, outdueling two alternatives that some banks prefer.
- Jan. 24 Deadline to Submit Comments on NCUA’s Draft Strategic Plan
January 4, 2022Comments on the NCUA's draft Strategic Plan are due on or before Jan. 24. Learn more