Latest News & VACUL Headlines
- 'Ransomware in the Financial Sector' Webinar Oct. 13
October 12, 2022During Cybersecurity Awareness Month, the NCUA is teaming up with the FBI, Treasury Department, and the Wisconsin Department of Financial Institutions to host an Oct. 13 webinar that will discuss measures credit unions and individuals can take to protect themselves from a ransomware attack.
- Reminder: Lending Risks Webinar Oct. 12
October 12, 2022A successful, well-run lending program does not happen by accident. Join CUNA Mutual Group's expert panelists as they share insights, perspectives, risk, and compliance considerations related to lending in this live Q&A session.
- CUNA, Leagues Support Bipartisan Senate Fair Hiring Bill
October 12, 2022CUNA and Leagues support the Senate Fair Hiring in Banking Act (H.R. 5025), introduced by Sens. Joe Manchin, D-W.V., Thom Tillis, R-N.C., Chris Van Hollen, D-Md., and Chris Coons, D-Del. The bill would allow for greater employment opportunities at federally insured financial institutions by reducing barriers to employment based on past criminal offenses.
- Mortgage Credit Availability Falls to Lowest Point since 2013
October 12, 2022Mortgage credit tightened in September, dropping to its lowest level since 2013, as lenders continued to reduce government-refinance and non-QM offerings, according to the Mortgage Bankers Association.
- Crypto Attack Swipes $100 Million from DeFi Service Mango
October 12, 2022An attacker spirited away about $100 million from the decentralized finance provider Mango by manipulating the price of its token in an exploit that wiped out depositors on the crypto platform.
- NAFCU Compliance Blog: Spooky CFPB Enforcement Actions on Remittance Transfers and Overdraft Fees
October 12, 2022If you haven’t already, it’s time to get into the spirit of Halloween. And what better way to do that than reviewing some spooky CFPB enforcement actions.
- CU Lending Continues to Soar, Notes CUNA Economist
October 12, 2022There are some “interesting developments” in the economic data included in CUNA’s newest Monthly Estimates, according to Mike Schenk, vice president of research and policy analysis with CUNA. The new numbers continue to show that lending remains very strong overall among credit unions, and was up 13.9% during September, reflecting an annualized growth rate of 21%.
- Proposed Legislation Would Allow Furnishing Utility, Phone Bills to Credit Reporting Agencies
October 12, 2022On September 26, Representative French Hill (R-AR) introduced new legislation, H.R. 8985, also known as the Credit Access and Inclusion Act of 2022, to amend the Fair Credit Reporting Act and allow payment information for utility bills and phone payments to be furnished to credit reporting agencies to help consumers raise their credit scores.
- League's NoVA-Area Legislative Reception Draws 12 Federal, State Lawmakers
October 12, 2022Forty credit union supporters and 12 federal and state lawmakers attended the League's legislative reception Tuesday night in Fairfax. Apple Federal Credit Union hosted the event.
- Fed's Efforts to Cool Job Market Starting to Show Results
October 11, 2022The labor market was always bound to cool off eventually. Almost no one thought that furious hiring pace was sustainable long-term. Now, the cool-down is clearly underway. Hiring is slowing. Job openings are falling. Fewer people are jumping ship to other employers.