Latest News & VACUL Headlines
- IRS Reporting Provisions Not Included in Reconciliation Legislation
December 21, 2021In a win for credit unions, the provision requiring increased financial institution reporting to the Internal Revenue Service was not included in reconciliation legislation unveiled by Congressional leaders.
- Registration Open, Schedule Released for 2022 Inclusiv Annual Conference
December 20, 2021Register today to join Inclusiv in San Juan, Puerto Rico on May 2-4, 2022 for the 2022 Inclusiv Conference -- the largest gathering of credit unions with a mission of financial inclusion in the country.
- Appeals Court Reinstates Biden’s Vaccine Policy for Businesses; Supreme Court Showdown on Policy Likely
December 19, 2021A federal appeals court on Friday reinstated the Biden administration’s coronavirus vaccination policy for large private businesses, reversing an earlier court ruling that had halted one of the White House’s signature efforts to reduce transmission and drive down case counts.
- FTC Launches Rulemaking to Combat Sharp Spike in Impersonation Fraud
December 19, 2021The Federal Trade Commission launched a rulemaking Dec. 16 aimed at combatting government and business impersonation fraud, a pernicious and prevalent problem that has grown worse during the pandemic. Impersonators use all methods of communication to trick their targets into trusting that they are the government or an established business and then trade on this trust to steal their identity or money.
- CFPB Opens Inquiry Into ‘Buy Now, Pay Later’ Credit
December 19, 2021It's been one of the hottest trends of 2021, but 'Buy Now, Pay Later' credit plans have drawn the attention of the Consumer Financial Protection Bureau.
- Alanna McCargo Confirmed as Ginnie Mae President
December 17, 2021The U.S. Senate confirmed Alanna McCargo Dec. 14, by voice vote, as president of Ginnie Mae.
- NCUA Spotlights Cybersecurity Resources
December 16, 2021The NCUA’s Letter to Credit Unions (21-CU-15) highlights the agency's Automated Cybersecurity Evaluation Toolbox, which is intended to strengthen the credit union system’s resiliency against potential cyberattacks and remains one of the NCUA’s supervisory priorities.
- NCUA Says CUs Can Partner with Crypto Firms
December 16, 2021NCUA has published a set of guidelines aimed at clarifying federally insured credit unions’ (FICUs) authority to establish relationships with third-party providers that offer digital asset services to their members, including investments such as cryptocurrency. Learn more
- NCUA Board Meeting: Good News for CUs with Changes to NOL, Budget; Agency OKs CCULR
December 16, 2021The National Credit Union Administration Board tackled a full agenda today, including a number of high-profile items closely watched by the industry.
- Biden Nominates Thompson as FHFA Director
December 15, 2021President Joe Biden nominated Sandra Thompson on Tuesday to serve as director of the Federal Housing Finance Agency (FHFA).