Latest News & VACUL Headlines
- Top Bank Regulator Outlines Plans for Oversight of Stablecoins, Climate Change Regulations
September 14, 2022Fed Governor Michael Barr, the Federal Reserve’s new banking regulator, has detailed a sweeping agenda in a speech that called for action on stablecoins, climate change preparations and both the safety and fairness of the finance industry.
- US Senator: 'Digital Assets Will Be as Big as the Internet'
September 14, 2022Cynthia Lummis, a Republican Senator from Wyoming, is one of the architects of a proposed piece of landmark legislation that promises to end the confusion over which cryptocurrencies are commodities and which are securities and create a regulatory framework for all digital assets.
- FHLBank System at 100: Focusing on the Future; Your Voice is Important
September 14, 2022FHLBank Atlanta encourages you to participate in person or through written comments, as you can speak most compellingly to the vital role, unique value, and broad community impact of the FHLBanks.
- Credit Unions Gain Larger Share of Auto Loans as Banks Lose Momentum
September 14, 2022A surge in auto lending in the second quarter has given U.S. credit unions their biggest slice of the vehicle lending pie in the past five years.
- Do Banks and Fintechs Need to Rethink Their Partnerships?
September 14, 2022There's been a spotlight on fintech vetting in recent weeks, as regulators have signaled that they have begun scrutinizing bank-fintech partnerships.
- US Bank Branch Closings Outpace Openings in July
September 14, 2022U.S. banks' branch closings continued to outpace branch openings in July with 129 closings and 52 openings. The net closures in July were 77, a decrease from 90 in June and notably lower than the trailing-12-month average of 260 net closures monthly, according to S&P Global Market Intelligence data.
- NAFCU Compliance Blog: Mortgage Servicing Transfer Notices
September 14, 2022Let's look at mortgage servicing transfer notices. In particular, let's discuss the timing and content requirements.
- CUs, League Make Case for ‘Credit Union Difference’ in Meeting with CFPB's Chopra; Note Impact of ‘One-Size-Fits-All’ Regulation, Ever-Evolving Regulatory Challenges
September 13, 2022In a meeting Monday with Consumer Financial Protection Bureau Director Rohit Chopra and Senior Policy Advisor (External Affairs) Charles Johanek, your League and leaders from 12 member credit unions discussed our regulatory priorities and how our ability to serve members is affected by an ever-evolving -- and challenging -- regulatory landscape.
- Registration Opens for NCUA DEI and ACCESS Summit Nov. 2-4
September 13, 2022The National Credit Union Administration will host its third summit focused on diversity, equity, and inclusion Nov. 2–4, 2022. The theme of this year’s summit is All-In on DEI & ACCESS. ACCESS represents NCUA’s initiative for Advancing Communities through Credit, Education, Stability, and Support.
- FTC to Convene First Meeting of Scams Against Older Adults Advisory Group on Sept. 29
September 13, 2022Representatives from 13 federal and state government agencies, along with representatives from industry and consumer advocates, will join the Federal Trade Commission on Sept. 29 for the first meeting of the newly formed Scams Against Older Adults Advisory Group. The advisory group was created as part of the Stop Senior Scams Act passed in March of this year.