Latest News & VACUL Headlines
- League Watching Debt Ceiling Fight with Keen Interest Given Threat to Economy
September 22, 2021Your League is keenly interested in the ongoing federal debt limit fight and what will occur in the U.S. Senate in the coming days. The potential impact on the economy is deeply concerning, notes League President/CEO Carrie Hunt.
- Two Virginians Appointed to CFPB's Credit Union Advisory Council
September 22, 2021CFPB Acting Director Dave Uejio this week announced the appointment of new members to the agency's Credit Union Advisory Council (CUAC), including Virginians Jose Iregui (Langley Federal Credit Union) and Deb Wreden (Virginia Credit Union) Iregui will serve as chair of the CUAC.
- FinCEN SAR Guidance Regarding Child Exploitation
September 22, 2021FinCEN has issued Notice FIN-2021-NTC3 to call attention to an increase in online child sexual exploitation (OCSE). The Notice provides financial institutions with specific suspicious activity report (SAR) filing instructions.
- OFAC Releases Advisory on Ransomware Payments
September 22, 2021OFAC released an Updated Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments. The Advisory emphasizes that the U.S. government continues to strongly discourage the payment of cyber ransom or extortion demands and recognizes the importance of cyber hygiene in preventing or mitigating such attacks.
- Pages From the Diary of Mrs. C. Hunt - Sept. 22, 2021
September 22, 2021League President/CEO Carrie Hunt's latest "Diary" post talks all things CFPB! Plus, vaccine mandates and all the questions surrounding President Biden's executive order. And, oh yes, there's BBQ ... More
- Virginia, US Credit Unions Keep Growing Membership
September 21, 2021Membership at U.S. credit unions increased 4.0% year over year and 1.2% quarter over quarter to about 128.6 million at the end of June.
- CFPB Sues Software Company That Helps Credit-Repair Businesses Charge Illegal Fees
September 20, 2021The Consumer Financial Protection Bureau (CFPB) today filed a lawsuit in federal district court accusing a California-based software company and its owner of providing assistance to illegal credit-repair businesses.
- IRS Reports Record Number of Scams Related to Stimulus Payments; Remind Members to Be Vigilant in Safeguarding Personal Information
September 20, 2021The Internal Revenue Service received a record number of reports about Economic Impact Payment scams in June and July 2021. Remind your members that fraud prevention starts with them. They need to protect their personal information.
- CFPB Report: Renters at Risk as COVID-19 Safety Net Ends
September 17, 2021The Consumer Financial Protection Bureau (CFPB) today released a report warning that millions of renters and their families may suffer previously avoided economic harms of the COVID-19 pandemic as federal and state relief programs end. Learn more
- Virginia Rolls Out Digital Proof of Vaccinations
September 17, 2021The Virginia Department of Health has started adding scannable QR codes to COVID-19 vaccination records, digitizing the proof-of-vaccination process, the state announced Thursday. Learn more