Latest News & VACUL Headlines
- DCCU Receives Recognition for 2020 Credit Card Campaign
September 8, 2021DCCU received first place in the state-level 2021 Louise Herring Philosophy In Action Award for its unique community campaign – Dine Out and Make a Difference. The Dine Out and Make a Difference campaign encouraged members to use their DCCU credit card to support restaurants during the pandemic. Learn more
- League Compliance Newsletter (09/8/2021)
September 8, 2021The latest edition of our Compliance Newsletter is posted here! This issue details our upcoming meeting with CFPB; our call-to-action on proposed IRS Reporting provisions, which worry us for a host of reasons (privacy, data security and the compliance burden); Virginia's COVID workplace safety rules and more!
- Credit Union Profile 2Q2021 Now Available
September 8, 2021The 2nd Quarter 2021 edition of Credit Union Profile is now available here. The Credit Union Profile is a quarterly publication of your League providing a statistical snapshot of the state and national credit union industries.
- Advocacy Alert: Write Your Lawmakers and Help Fight New IRS Reporting Provisions
September 8, 2021Your League and the Credit Union National Association issued an action alert last week calling on credit unions to oppose new Internal Revenue Service reporting provisions that would require financial institutions to report additional detailed account holder information. CUNA is also providing a toolkit to aid you in enlisting the participation of members. Take Action
- Virginia Moves to Loosen COVID Workplace Safety Rules
September 7, 2021Virginia is moving toward loosening its first-in-the-nation COVID-19 workplace safety rules, which were designed to prevent the spread of the virus but also were criticized by many businesses as too unwieldy.
- CFPB Beats Suit Challenging Payday Lending Regs
September 7, 2021A Texas federal judge has rejected a payday loan-industry-backed challenge to the CFPB's remaining payday lending regulations, clearing the way for them to take effect next year after a years-long stay.
- FIs May Process Personal Remittances to Afghanistan, Says Treasury
September 7, 2021The Treasury Department has told financial institutions they may process personal remittances to Afghanistan. The news could provide some relief for the Afghan economy, Reuters noted.
- Interagency Statements Regarding Hurricane Ida and CA Wildfires
September 7, 2021The NCUA, OCC, FRB, FDIC and state regulators issued a joint statement recently that they recognize the serious impact of Hurricane Ida on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision.
- CFPB Takes Action Against Firm Offering Alternative Financing for College; Some CUs Had Explored Similar Product Offering
September 7, 2021Credit unions: We wanted to make you aware of a consent order from the Consumer Financial Protection Bureau regarding actions taken against Better Future Forward, Inc., an income share agreement (ISA) provider.
- InFirst, Apple FCUs Recognized as 'Best CUs to Work For'
September 3, 2021Congratulations are in order for InFirst Federal Credit Union and Apple Federal Credit Union, two Virginia-based credit unions being recognized by Credit Union Journal/American Banker in its “Best Credit Unions to Work For – 2021 Edition.”