Latest News & VACUL Headlines
- Regulatory Compliance Weekly Roundup: July 7, 2023
July 7, 2023Here's a quick recap of some of this week's regulatory highlights, including news from the NCUA and CFPB.
- CUNA Voices Concerns Over CFPB ‘Abusive Practices’ Rulemaking
July 6, 2023CUNA joined with other five other national trade organizations to express concern with the Consumer Financial Protection Bureau’s statement on abusive acts or policies – including the deviation from statutory requirements and failure to provide clear guidance regarding abusive acts or practices.
- What Supreme Court Ruling Against Biden’s Student Loan Forgiveness Plan Could Mean for the U.S. Economy
June 30, 2023While the bombshell ruling will undoubtedly be a blow to borrowers who had hoped — perhaps even expected — they’d have up to $20,000 of their student debt erased, the verdict is unlikely to be consequential for the U.S. economy at large, economists said.
- Langley's Deb Vollmer Appointed to League Board
June 30, 2023Deb Vollmer, Chief Experience Officer at Newport News-based Langley Federal Credit Union, has been appointed to the Virginia Credit Union League’s Board of Directors. She will represent credit unions in the League’s Region 1 (Greater Hampton Roads), serving until the League Board’s 2024 elections. She fills the vacancy on the Board created by the departure of Kim Little.
- GROWTH Conference Sept. 20-22 in Virginia Beach; Data Expert Anne Legg Featured Keynoter
June 30, 2023This year’s GROWTH Conference will feature keynote presenter Anne Legg, an award-winning, internationally recognized credit union data strategist, change agent, author, and educator. She is the founder and principal of THRIVE, a data activation consultancy that educates, accelerates, and elevates credit unions in their pursuit of data to improve their members' lives.
- Regulatory Compliance Weekly Roundup: June 30, 2023
June 30, 2023Happy Friday all! As the second quarter winds to a close, the regulatory agencies have been busy this week, with a number of annual reports and information issued. Here's a quick recap of some of this week's highlights.
- FFIEC Announces Availability of 2022 Data on Mortgage Lending
June 29, 2023The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on 2022 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 4,460 U.S. financial institutions, including banks, savings associations, credit unions, and mortgage companies.
- Letter to Credit Unions (23-CU-05) Commercial Real Estate Loan Accommodations and Workouts
June 29, 2023The National Credit Union Administration (NCUA), along with the Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and Federal Deposit Insurance Corporation (FDIC) (collectively “the agencies”), in consultation with state bank and credit union regulators, are issuing the enclosed interagency Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts (Statement).
- NCUA Extends CDRLF Grant Deadline to July 7
June 29, 2023The National Credit Union Administration has extended the deadline for applying for 2023 Community Development Revolving Loan Fund grants to July 7.
- Langley FCU Announces 2023 Jean M. Yokum Scholarship Winners
June 27, 2023Six deserving college-bound members of Langley Federal Credit Union will receive Jean M. Yokum College Scholarships, named after the credit union’s former president and CEO.