Latest News & VACUL Headlines
- MLA Database Users Must Keep Accounts Active
October 28, 2021The Department of Defense Military Lending Act website has announced a planned systems upgrade scheduled for Jan. 20, 2022. All users will be required to log into their accounts at least once every 35 days to maintain active-account status.
- FTC Warns Scammers are Sending Fake IRS Emails about Economic Impact Payments
October 28, 2021The Federal Trade Commission recently issued a warning that there’s a fake IRS email that keeps popping into people’s inboxes.
- New CFPB Leadership Can Recalibrate Approach to Credit Unions
October 27, 2021The Consumer Financial Protection Bureau (CFPB) missed many opportunities in its first decade of existence to leverage the credit union mission for consumers, CUNA wrote Tuesday, adding that new CFPB leadership can recalibrate this approach. CUNA’s letter was sent to House Financial Services Committee leadership prior to CFPB Director Rohit Chopra’s first testimony before the committee as director.
- Fed to Host Series of Diversity, Inclusion Conferences in November
October 27, 2021The Federal Reserve Board announced on Monday that it will host a series of diversity and inclusion conferences in November focused on the experiences that underrepresented groups have as they participate in the economy, the economics profession, central banking, and finance.
- US Housing Market: New, Existing Home Sales Rise Month-Over-Month in September
October 27, 2021New single-family home sales in the U.S. rose 14.0% on a monthly basis in September to a seasonally adjusted annual rate of 800,000 units, according to data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. On an annual basis, however, new-home sales were down by 17.6%.
- Resources for NCUA's MERIT Exam System Now Available
October 27, 2021The National Credit Union Administration is making available resources to credit unions related to the Modern Examination and Risk Identification Tool (MERIT).
- Here’s How the Court Will Draw Virginia’s New Political Districts
October 26, 2021The Virginia Redistricting Commission has missed a final deadline to draw new state legislative maps, kicking the process to the Virginia Supreme Court. The court’s seven justices won’t draw the lines. Instead, they’ll hire two experts who will work together to come up with finished maps.
- Small Banks Turn Corner on Loan Growth
October 26, 2021Community banks are seeing loan growth rise, as businesses seek to expand to meet a surge in consumer spending.
- Trades, Business Groups Ask Biden to Drop Proposal to Expand IRS Reporting Requirements
October 26, 2021Dozens of trade groups representing credit unions, banks and other industries urged the White House to dump a plan that would require financial institutions to report account information to the IRS.
- Northwest Federal Credit Union Foundation’s Drive for the Driven Golf Tournament Raises More Than $136K for Scholarship Program
October 26, 2021The Northwest Federal Credit Union Foundation (Foundation) the charitable arm of Northwest Federal Credit Union, recently held their 6th Annual Drive for the Driven Golf Tournament. The money raised from this year’s tournament will benefit the Foundation’s Scholarship Program, which awarded $125,000 in scholarships to individuals and Northern Virginia Community College’s Lifeline and Helping Hands programs earlier this year. Learn more