Latest News & VACUL Headlines
- FDIC Finalizes Rule Requiring Banks to Pay More for Deposit Insurance
October 19, 2022The Federal Deposit Insurance Corp. Board voted unanimously to finalize a rule requiring banks to pay more for deposit insurance, despite industry objections.
- League President Carrie Hunt Testifies at NCUA's Public Hearing on Budget Proposal
October 19, 2022League President/CEO Carrie Hunt testified Wednesday during an NCUA hearing on its 2023-2024 budget and the agency’s justification for its proposed expenditures.
- CFPB Research: Overdraft Fees and Economically Insecure Older Adults
October 19, 2022The Consumer Financial Protection Bureau has issued research that examines how overdraft fees affect economically insecure older adults.
- Bankers Betting Interest Rates Will Peak in First Half of 2023
October 19, 2022In the eyes of bankers, the U.S. is about three to nine months from seeing its highest interest rates in more than 15 years and perhaps even closer to an economic slowdown.
- SBA Wants to Add Fintechs to its Biggest Lending Program
October 19, 2022In what would be a major policy change, the Small Business Administration appears set to lift a 40-year moratorium on participation in the flagship 7(a) program by nondepository lenders.
- NCUA Releases Updates to its Automated Cybersecurity Evaluation Toolbox
October 18, 2022The National Credit Union Administration released an update of its Automated Cybersecurity Evaluation Toolbox or ACET. The ACET is an excellent resource — especially for small credit unions or credit unions with limited resources — to understand cybersecurity preparedness levels. To get the latest version, go to the ACET page and click on “Download the ACET Toolbox.” Additional information is also published in the Quick Installation Guide.
- NCUA to Host DEI and Access Summit Nov. 2-4
October 18, 2022Nov. 4 programming for the NCUA's DEI & Access Summit will include the session "MDI Credit Unions: Putting Equity into Practice." Hear from Financial Health Network, Filene Research Institute, and credit union leaders on the challenges and opportunities facing MDI credit unions and what your institution can do to support their growth in today’s environment.
- Credit Unions Increase Student Lending 12.8% YOY in Q2
October 18, 2022Credit unions have reported quarter-over-quarter increases in total nonfederally guaranteed student loans for the past six quarters. They may soon see more activity as the federal student loan payment moratorium ends. S&P Global Market Intelligence data showed that credit unions had $7.25 billion in nonfederally guaranteed student loans in the second quarter.
- Credit Union Loans Increased 1.9% in August
October 18, 2022Credit union loans outstanding increased 1.9% in August, compared to a similar 1.9% increase in July of 2022 and a 1.0% increase in August of 2021, according to CUNA's latest Monthly Credit Union Estimates.
- League, CUs Host Federal, State Regulators at CEO Forum
October 18, 2022Virginia’s credit unions and your League welcomed National Credit Union Administration Vice Chairman Kyle Hauptman and Virginia Bureau of Financial Institutions Commissioner Joe Face Jr. to an exclusive event today for CEOs from the Commonwealth’s credit unions with less than $100 million in assets.