Latest News & VACUL Headlines
- Be Your Members’ Financial First Responder; Preparation is Key
March 29, 2023A free webinar brought to you by CUNA Strategic Services and QCash.
- Sens. Romney, Cassidy Introduce Resolution to Overturn Student Loan Cancellation Plan
March 29, 2023U.S. Sens. Mitt Romney (R-UT) and Bill Cassidy, M.D. (R-LA) are among a group of Republican senators who introduced a resolution this week to overturn President Joe Biden’s plan to cancel student loan debt.
- Comments on Credit Card Late Fee Proposal Due May 3
March 29, 2023The Consumer Financial Protection Bureau (CFPB) published its proposal on credit card late fees in the Federal Register Wednesday with comments due May 3. CUNA has called on the CFPB to release the Federal Reserve data it heavily relied upon to craft the rule.
- Virginia Credit Union Chairman Ken Ampy Recognized By Virginia Business Magazine
March 29, 2023Making his mark in history, Ken Ampy, CEO of Astyra Corporation, was featured in Virginia Business Magazine as one of the prominent Black Business Leaders in the state. He also serves as the chair of the board for Virginia Credit Union, a $5 billion financial institution.
- Tidewater Chapter Plans April 13 Meeting
March 29, 2023The Tidewater Chapter looks forward to welcoming everyone to our April 13 meeting! We are honored to have Amy Mallinson, VP of Marketing at Beach Municipal FCU, Jessica Dawson, Director of Marketing at 1st Advantage CU, & Joemmel Tendilla, Marketing Manager at Chartway CU join us for a panel discussion on the power of building a personal brand. This is an amazing meeting for emerging professionals or anyone who is looking to take their personal brand to the next level!
- League Notes New Laws Coming July 2023
March 28, 2023Of the close to 100 General Assembly bills your League has been tracking in the 2023 session, 26 of them have been signed into law by Gov. Glenn Youngkin, including credit unions' digital assets custodial services bill.
- CFPB Makes Preemption Determination of Virginia Law
March 28, 2023Today the CFPB issued a determination that commercial financing disclosure laws in four states, including Virginia, are not preempted by the Truth In Lending Act (TILA). What is preemption? What laws were they looking at? Does this impact credit unions in Virginia? Let's dive in.
- Registration Now Open for NCUA Share Insurance Webinar on April 13
March 28, 2023Share insurance is fundamental to the credit union system, and it’s a complex topic. To help credit unions better understand share insurance, the National Credit Union Administration has scheduled a webinar for Thursday, April 13, to discuss how member accounts are covered.
- Demand Letters, Lawsuits Center on Wiretap Violations at Credit Unions
March 28, 2023In 2022, a nationwide rise in litigation activity centered on wiretapping violation claims was reported involving companies' use of “session replay” technology. It is important for credit unions to work with legal counsel to ensure that their website policies and technologies comply with the privacy laws and wiretap laws of each state where its website is accessed.
- League Closely Watching Lawmakers' Review of Recent Bank Failures
March 28, 2023The Senate Banking Committee today held a hearing on the recent bank failures and the federal regulatory response. FDIC Chair Martin Gruenberg, Fed Vice Chairman for Supervision Michael Barr and Treasury Undersecretary for Domestic Finance Nellie Liang were the key witnesses.