Latest News & VACUL Headlines
- Efforts to Oppose IRS Reporting Requirements' Inclusion in Build Back Better Bill Must Continue, as Senate Looks to Pass Measure by Christmas
November 24, 2021The Build Back Better bill that recently passed the House is now in the Senate. The League is continuing to push to keep the IRS reporting provision out, but Sen. Warner is on the record as supporting the provision.
- House Passes Build Back Better Without IRS Reporting Language
November 22, 2021The House passed the Build Back Better Act Friday without the expanded Internal Revenue Service (IRS) reporting requirements present in early forms of the bill. Credit unions sent more than 800,000 messages in opposition to the requirements, which were left out of the final release of the House bill.
- Registration Open for NCUA Consumer Compliance Webinar Dec. 1
November 22, 2021Credit unions can get valuable information on a range of fair lending and consumer compliance topics during an upcoming webinar hosted by NCUA Dec. 1. Registration for "2021 Consumer Compliance and Fair Lending Regulatory Update" is now open.
- New CUNA Council Members Join for 2022, Get Remainder of 2021 Included
November 22, 2021CUNA Councils, the only credit union-specific professional development organization run by credit union leaders for credit union leaders, is welcoming new members. By joining now, new members will receive the remainder of 2021 and all of 2022 at the price of a 12-month membership.
- Leigh Ann Graham Recognized with Virginia League's Farley Award of Excellence
November 22, 2021Leigh Ann Graham has been awarded the Virginia Credit Union League’s Eugene H. Farley Jr. Award of Excellence. Graham, Vice President of Mortgage Lending Services at Beach Municipal Federal Credit Union, was recognized for two decades of leadership and service, as a volunteer, to the League’s Tidewater Chapter,
- CFPB Seeks Information on HMDA Regulations
November 22, 2021The Consumer Financial Protection Bureau (CFPB) has issued Request for Information on the implementing regulations for the Home Mortgage Disclosure Act (HMDA). According to the CFPB, it plans to review recent changes and evaluate their effectiveness with the goal of identifying discrimination in the market.
- Thomas, Williams Re-Elected to New Terms on League Board; Board Names Officers
November 19, 2021Member credit unions of the Virginia Credit Union League re-elected Joe Thomas, CEO of NextMark Credit Union, and Chris Williams, CEO of Henrico Federal Credit Union, to three-year terms on the League's Board of Directors. Patsy Stuard, CEO of Fort Lee Federal Credit Union, has been re-elected Chairman of the League Board of Directors.
- CFPB Shares Recent Trends in SARs Involving Elder Financial Exploitation
November 18, 2021The Consumer Financial Protection Bureau (CFPB) released a new Data Spotlight that analyzes recent trends in Suspicious Activity Reports (SARs) involving elder financial exploitation. Learn more
- NCUA Board Seeks Input on 2022-2023 Budget; Passes Shared Facilities Rule
November 18, 2021In a meeting today, the National Credit Union Administration Board passed a final rule providing multiple-common-bond federal credit unions additional flexibility in adding underserved areas; discussed its proposed budget; noted the forthcoming release of its strategic plan; and discussed the status of the NCUSIF.
- EEOC Updates COVID-19 Technical Assistance to Cover Retaliation
November 18, 2021The U.S. Equal Employment Opportunity Commission (EEOC) updated its COVID-19 technical assistance this week to include more information about employer retaliation in pandemic-related employment situations.