Latest News & VACUL Headlines
- Revised Fannie, Freddie Uniform Legal Instruments
September 3, 2021Both Fannie Mae and Freddie Mac have updated their uniform legal instruments—security instruments, notes, riders and addenda, and special-purpose documents—used for loans delivered to them.
- FBI, CISA Issue Ransomware Advisory Prior to Labor Day Weekend
September 3, 2021Though noting they have no specific threats to report, the Federal Bureau of Investigation and Cybersecurity and Information Sharing Agency did issue a joint cybersecurity advisory Thursday warning of increasing attacks against U.S. entities on or around holiday weekends.
- Sen. Mark Warner Joins Inclusiv Virtual Conference Lineup
September 3, 2021Inclusiv welcomes Senator Mark Warner, D-VA as a speaker at the 2021 Inclusiv Virtual Conference!
- In Win for CUs, House Committee Doesn’t Include Bank-Sought Base Access Provision in NDAA
September 2, 2021Language to allow banks rent-free access to military installations is not included in the House version of the fiscal year 2022 National Defense Authorization Act (NDAA), which today passed out of the House Armed Services Committee on a 57-to-2 vote.
- Risk Alert: ACH Transfer Fee Class Action Lawsuit
September 2, 2021As more members take advantage of new service offerings by credit unions, such as
ACH transfer services or account-to-account (A2A) / external transfer service, credit
unions may charge fees in order to support these services. However, charging for
these services could lead to litigation. - Three Virginia-Based CUs Among CDRLF Grant Recipients
September 2, 2021Three Virginia-based credit unions are among the recipients of NCUA's Community Development Revolving Loan Fund grants: Mosaic Federal Credit Union, Mountain Empire Federal Credit Union and Peoples Advantage Federal Credit Union.
- Fraud Trend Update: Webinar Slated for Sept. 23
September 2, 2021This Sept. 23 installment of the FISERV Webinar Series will focus on the current debit/credit fraud trends being seen across the industry. Register for this free event.
- League Hosting Virtual Meeting Sept. 9 with CFPB Staff
September 1, 2021Your League has scheduled a virtual meeting with staff members at the Consumer Financial Protection Bureau for Sept. 9 at 1 p.m.
- Credit Union Leaders Make Virginia Business Magazine's Prestigious 'Power List'
September 1, 2021Five credit union leaders from across the Commonwealth appear in Virginia Business Magazine’s Virginia 500 Power List!
- CFPB Issues Proposal to Collect Small Business Data; League Seeks Member Feedback
September 1, 2021Your League recognizes the agency's statutory mandate to promulgate this rule. However, we urge the agency to minimize this rule's regulatory impact on credit unions.