Latest News & VACUL Headlines
- 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.
- Virginia House Control in Limbo; Recounts Sought in 2 Races
November 17, 2021Two incumbent Democrats who trail Republican challengers in close races in Virginia’s House of Delegates announced Tuesday that they will seek recounts, leaving control of the chamber in limbo.
- CU-Supported Member Governance Bill Passes Committee
November 17, 2021CUNA wrote in support of two bills prior to the House Financial Services Committee markup Tuesday. The CUNA-supported Credit Union Governance Modernization Act (H.R. 2311) passed the committee unanimously by voice vote. H.R. 2311 would modernize the member expulsion process. H.R. 5911 would expand employment opportunities at banks and credit unions by reducing barriers to employment based on past minor criminal offenses.
- League Writes State Agency Over Costs Associated With COVID Testing
November 17, 2021Your League is today submitting a letter to the Virginia Department of Labor and Industry, asking that costs associated with COVID testing under the federal Occupational Safety and Health Administration's (OSHA) Emergency Temporary Standard not be borne by those state's employers that would fall under the ETS.
- CFPB Seeks Input on Detecting Discrimination in Mortgage Lending
November 17, 2021The Consumer Financial Protection Bureau (CFPB) issued a Request for Information (RFI) on Nov. 16, seeking input on rules implementing the Home Mortgage Disclosure Act (HMDA). Information sought by CFPB includes the operational and compliance costs associated with the HMDA Rule, plus the institutions covered by the rule.
- Pages From the Diary of Mrs. C. Hunt - Nov. 17, 2021
November 17, 2021Brick by brick. Sometimes when I think about advocacy it reminds me of that path -- endlessly stretching forward. But I am confident we will achieve our goals -- brick by brick.