Latest News & VACUL Headlines
- HFS Committee to Mark Up Bipartisan Governance Modernization Bill Today
November 16, 2021The House Financial Services Committee (Committee) is expected to mark up a bipartisan League-supported CU governance modernization bill today, Tuesday, Nov. 16 at 10 a.m. (Eastern). The bill seeks to modernize certain processes regarding the expulsion of federal credit union members for cause. Learn more
- League, Greater Hampton Roads CUs Hosting Dec. 1 Legislator Reception
November 16, 2021The Virginia Credit Union League and credit unions in Greater Hampton Roads are hosting a Legislator Reception on Dec. 1 ... and you’re invited! Here’s your chance to network with area lawmakers as we prepare for the 2022 General Assembly, as well as meet our newly elected legislators!
- Cost-Conscious Consumers Moving to Digital Auto Refinancing
November 15, 2021The consumer shift to digital, spurred by the pandemic, has often been characterized as meeting a need for speed and convenience. New research reveals that there are more and deeper factors affecting consumer behavior, and in many cases, digital experiences are more a means to an end rather than the end goal itself.
- Virginia House GOP Picks Todd Gilbert as Speaker, Terry Kilgore as Majority Leader
November 15, 2021House Republicans on Sunday selected Del. Todd Gilbert of Shenandoah to become the next speaker of the House of Delegates when the GOP retakes control of the lower chamber in January. Gilbert will be flanked by Del. Terry Kilgore, R-Scott, whom the caucus selected as its majority leader. Republicans appear in line to hold a 52-48 majority when the session starts in January.
- NCUA Extends Federal Credit Union Meeting Flexibility Through 2022 Due to the COVID-19 Pandemic
November 15, 2021NCUA is extending the flexibility for federal credit unions to conduct meetings virtually in 2022. Learn more.
- Trends Report: CU Loan Growth Slows; Inflation May Be Around Longer Than Expected
November 15, 2021CUNA Mutual Group's October 2021 Credit Union Trends Report is now available.
- Credit Union Demand for Analytics Strategy Skyrockets in 2021
November 15, 2021AdvantEdge Digital grew its analytics consulting client portfolio 55 percent year-over-year and currently services 43 credit union engagements. AdvantEdge Digital’s management says the increased interest is due to credit unions’ need to make better use of data for real-time decision-making.
- CFPB Sues Pawn Lenders for Cheating Military Families
November 15, 2021The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit in a Texas federal district court against FirstCash, Inc. and Cash America West, Inc. The CFPB alleges that the two companies violated the Military Lending Act (MLA) by charging higher than the allowable 36% annual percentage rate on pawn loans to active-duty servicemembers and their dependents.
- Registration Open for NCUA Consumer Compliance Webinar
November 9, 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.
- Nominations Open for 2022 Credit Union Hero Award
November 9, 2021Credit Union Magazine is now accepting nominations for the 2022 Credit Union Hero Award, sponsored by Symitar. Nominations for Heroes close on Dec. 13. Credit Union Magazine will identify finalists and launch the final Hero of the Year voting in February.