Latest News & VACUL Headlines
- Congresswoman-Elect McClellan to Be Sworn in Today; League Attending Ceremony
March 6, 2023Congresswoman-elect Jennifer McClellan takes the oath of office on Tuesday evening, assuming the 4th Congressional District seat held by her friend and mentor, the late Donald McEachin. League Chief Advocacy Officer JT Blau will be attending the ceremony.
- Rep. McHenry, Sen. Lummis Send Letter to Federal Regulators Demanding Digital Asset Regulatory Clarity
March 3, 2023Rep. Patrick McHenry (R-NC), Chair of the House Financial Services Committee, and Sen. Cynthia Lummis (R-WY), have co-authored a letter addressed to federal regulators demanding regulatory clarity on digital assets.
- House Financial Services Committee, Subcommittees Holding Hearings Next Week
March 3, 2023Various subcommittees of the House Financial Services Committee have hearings slated for next week, including hearings titled, “Consumer Financial Protection Bureau: Ripe for Reform” and “Coincidence or Coordinated? The Administration’s Attack on the Digital Asset Ecosystem.”
- IGNITE Keynoter Stephanie Wade: Using Innovation to Improve the Member Experience
March 3, 2023Member experience is everything, notes IGNITE Keynote Speaker Stephanie Wade. You’ve no doubt focused on optimizing your member experience, ensuring that every member touchpoint delivers an experience that adds value and builds loyalty.
- Park View Federal Credit Union Awarded for Best Consumer Loan, Transaction Experiences
March 3, 2023MemberXP, a leading CX program offered through CU Solutions Group, has named Park View Federal Credit Union as one of their 2023 Best of the Best award winners!
- Langley Federal Credit Union Announces Six Leadership Promotions
March 3, 2023Langley Federal Credit Union announced several senior leadership promotions. “We are thrilled to announce these exciting changes,” President/CEO Tom Ryan said. “Each individual brings extensive leadership experience to the credit union and exemplifies the values that make Langley such a great organization.”
- League Immediately Contacts Sen. Warner Following Lawmaker's Letter to Regulators on Zelle Network Fraud
March 3, 2023Your League immediately contacted Sen. Mark Warner today in response to a letter co-signed by the senator to federal banking regulators that urged the agencies to "closely review and examine the customer reimbursement and anti-money laundering (AML) practices of depository institutions that participate in the Zelle network."
- Senators Introduce Bill to Update FCU Meeting Requirements
March 2, 2023Sens. Kyrsten Sinema, I-Ariz., Bill Hagerty, R-Tenn., Alex Padilla, D-Calif., and Thom Tillis, R-N.C., introduced the CUNA-League led Credit Union Board Modernization Act (S.610) Wednesday. The bill would update the Federal Credit Union Act to allow federal credit union boards to meet six times per year (instead of the current once per month). The House passed the bill in January via voice vote. Sen. Tim Kaine signed on as a co-sponsor of this legislation during the last session of Congress and we lobbied for his support of this new measure during our meeting with him this week in Washington. In a meeting with Sen. Mark Warner, we also asked for his support.
- Trade Groups Seek More Time to Comment on CFPB's Proposed Credit Card Fee Cuts
March 2, 2023Seven banking and credit union trade groups asked the Consumer Financial Protection Bureau for more time to comment on its controversial proposed rules that would drastically cut credit card late fees. The group said the current deadline is likely to result in "arbitrary agency action" and asked the CFPB to extend it from April 3 to the later of June 3 or 90 days after the rules are published in the Federal Register. Your League strongly supports the extended comment period.
- Virginia CU's Deb Wreden Continues Service on CFPB's Credit Union Advisory Council
March 2, 2023The CFPB announced yesterday the appointment of new members to multiple advisory committees, including four new members to the Credit Union Advisory Council (CUAC). Virginia Credit Union's Deb Wreden (EVP, Product and Delivery Strategy) continues to serve on the Advisory Council.