Latest News & VACUL Headlines
- CUSO Final Rule, Cybersecurity Briefing on NCUA’s Oct. 21 Agenda
October 15, 2021The NCUA board will vote on final rules involving credit union service organizations (CUSOs) and the CAMELS rating system at its Oct. 21 meeting. The meeting will be available via live audio stream starting at 10 a.m. on NCUA.gov on Oct. 21.
- Lawmakers Clash Over Government's Role in Preserving Cash
October 15, 2021Despite the rapid advancement of digital payments, many people still rely on cash, leading to partisan disputes over the best way to ensure consumers who need paper bills can avoid being shut out of the financial system, notes an article from American Banker. (Subscription may be required.)
- EEOC Updates Employer COVID-19 Vaccination Guidance
October 15, 2021The U.S. Equal Employment Opportunity Commission has updated its guidance document aimed at helping businesses and their employees better understand how federal workplace discrimination laws, such as the Americans with Disabilities Act, impacts employer COVID-19 vaccination requirements. Learn more
- In Address at Tidewater Chapter, League President Urges Advocates' Action on IRS Reporting Proposal
October 15, 2021League President/CEO Carrie Hunt was the special guest speaker at the Tidewater Chapter's Oct. 14 meeting, offering her perspective on one of the thorniest issues currently plaguing the financial services industry -- namely the proposal to expand Internal Revenue Service reporting requirements for financial institutions.
- League Files Comment Letter on Complex Credit Union Leverage Ratio; Risk-Based Capital
October 14, 2021Your League will today file its comment letter on NCUA's Complex Credit Union Leverage Ratio - Risk-Based Capital proposed rule. Read the letter
- Gridlock, Dysfunction Hit Redistricting Commission
October 14, 2021For all you watching the twists and turns related to the bipartisan commission redrawing the commonwealth's electoral districts, we thought you might appreciate recent posts and articles related to the commission's ongoing internal battles.
- CUNA Mutual Group: Corporate Check Fraud Report
October 14, 2021A handful of credit unions report their corporate check accounts are being fraudulently used, notes a CUNA Mutual Group release.
- FASB Board Reconsidering TDR Accounting for CECL Adopters
October 14, 2021The Financial Accounting Standards Board (FASB) held a board meeting yesterday to discuss targeted improvements to the current expected credit loss (CECL) standard. Of note, the board discussed the reconsideration of troubled debt restructuring (TDR) accounting for CECL adopters and possible alternative methods. Learn more
- Pelosi Says Expanded IRS Reporting Will Be in Final House Bill
October 13, 2021Speaker of the House Nancy Pelosi (D-Calif.) said Tuesday that language expanding financial institution reporting requirements to the Internal Revenue Service (IRS) would be included when the House takes up its final reconciliation bill. CUNA, Leagues, and credit unions strongly oppose the language, which was not present in the House Ways and Means Committee-passed bill. Contact your lawmakers now through CUNA's Grassroots Action Center!
- 60 Participate in Virtual Marketing Workshop
October 13, 2021Many thanks to the 60 participants in today's virtual Marketing Workshop! Today's sessions featured advertising compliance (with AUX's Kristen Tatlock) and strategic considerations for 2022 (with On The Mark Strategies' Elizabeth Rider).