WASHINGTON (7/11/13, UPDATE 12:34 P.M. ET)--The chairman of the House Financial Services Committee, Rep. Jeb Hensarling (R-Texas), and others of the committee's leadership unveiled a bill today they say is intended to "create a sustainable housing finance system."
The Protecting American Taxpayers... More
A House Financial Services Committee member, Rep. Bill Posey (R-Fla.), said in a recent letter to Treasury Secretary Jack Lew that regulations that would require U.S. credit unions and banks to collect information on interest paid to nonresident aliens, and to report that information to regulators, would... More
Earlier this week League President Rick Pillow attended a fundraiser for Del. Kathy Byron, a Lynchburg delegate who sits on House Commerce and Labor. Her special guest was Congressman Bob Goodlatte (R-6), who told Pillow that he supports the tax exempt status for credit unions. We also read in the Eastman... More
The national average price for overdrafts (ODs) on checking accounts rose to $30 as of June, matching the national average charged by banks the past four years. The cost of overdrafts has risen steadily since 2009, according to a new study, which shows credit unions again remain the best deal... More
This has been quite the year for political involvement! In Washington we have talk of our tax status in danger. On the state level, we have every House seat up for grabs, and election for all three statewide offices. Plus the League has re-launched our governmental affairs and VACUPAC programs.
To make... More
You can register for the Sept. 24 VACUPAC Golf Tournament and Sponsorship Opportunities Online!
This is the link you can use for all your VACUPAC golf needs: http://www.vacul.org/Education/League-Events-Calendar/VACUPAC-2013-Golf-Classic
Register today for the 25th annual VACUPAC golf tournament, to be... More
Credit unions: We're again collecting your micro-loan data through our Reality Check survey. Basically, we're asking you to report information on loans you've made of $3,000 or less, excluding credit cards.
Please give us a hand and provide this data, which we use to support our advocacy efforts! Report... More
House Financial Services Committee Vice Chairman Gary Miller (R-Calif.) introduced long anticipated legislation today, H.R. 2572, that would provide regulatory relief for credit unions and community banks.
Miller's bill focuses on credit unions and topics discussed within its section range from such... More
League President Rick Pillow and Senior Vice President David Miles are representing Virginia’s credit unions at the annual retreat of Democratic state senators and delegates.
Pillow reports that the League had good conversations on the links with Sen. Henry Marsh (Courts of Justice member), House Minority... More
BayLands reports that it has asked its Board to go through “donttaxmycreditunion.org” and send emails to our Senators and Congressmen. Staff have been asked to do the same. Members will be asked in the credit union’s newsletter this month.
The credit union reports that they have had at least... More