Latest News & VACUL Headlines
- 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.
- FDCPA-Reg F: What You Need to Know Before Nov. 30, 2021
November 9, 2021While the revised rule does not specifically address first-party creditors, credit unions should be aware of the rule and ensure that any third-party collectors engaged by the credit union are in compliance with Regulation F.
- Vaccine Mandate Rule: League Offers Initial Assessment; Seeks Answers on Key Legal Questions
November 5, 2021Well, the vaccine mandate rule came out yesterday -- all 490 pages of it! The actual rule part is small and digestible, albeit burdensome to implement. We offer an initial assessment of the rule and our employment law partners at Woods Rogers are working on answers to other key questions important to credit unions. Stay tuned!
- Virginia CUs Win National Social Responsibility Awards
November 5, 2021We're proud to announce that Virginia-based credit unions captured eight national awards from the Credit Union National Association (CUNA) for various projects and initiatives! These credit unions had earlier won first-place awards in our state-level competition.
- Details Unveiled for Vaccine Mandate for Employers wIth 100 or More Employees
November 4, 2021The Biden Administration today announced two new sweeping nationwide safety standards -- one that demands large businesses require their employees to either get the vaccine or test for COVID-19 regularly.
- Election Day Analysis
November 3, 2021Election night has brought a seismic shift of the partisan alignment in the Commonwealth. In an update early this morning, Hunton Andrews Kurth says that in an election with record-breaking turnout, Republicans have won their first statewide election since 2009 (as was the case 12 years ago, when Republicans swept all three statewide offices).