Advocate Blog
Join the conversation about the latest laws, regulations and political issues having an impact on Virginia's credit unions.
- League Meets with NCUA Board Vice Chair Kyle Hauptman
March 4, 2024Chief Advocacy Officer JT Blau met Sunday with National Credit Union Administration Board Vice Chairman Kyle Hauptman to discuss a number of issues, including credit union board meeting frequency, challenges facing board and supervisory committee members, and upcoming call report changes.
- League Advocacy Efforts at GAC Include Scheduled Meetings, Engagement with All 13 Members of Congressional Delegation
March 1, 2024Your League anticipates meeting with the offices of all 13 members of Virginia's Congressional delegation during next week's Governmental Affairs Conference (GAC) in Washington, D.C. "GAC represents a unique opportunity to engage with federal lawmakers, not only to discuss our legislative priorities but also to showcase the 'Credit Union Difference,'" said League Chief Advocacy Officer JT Blau. "Our advocacy efforts are increasingly important as we face a challenging regulatory landscape and a host of issues that impact our ability to compete in today's marketplace, including fraud, threats to critical revenue streams, and the growing need to enhance the credit union charter."
- Transparency Needed in Any Future NCUA Call Report Changes
February 29, 2024Credit unions support a more transparent process for changes to NCUA’s call report, America’s Credit Unions’ Ann Petros wrote to NCUA Chairman Todd Harper Wednesday. Changes to the call report—proposed by the NCUA Board in December and effective March 31—require credit unions with more than $1 billion in assets to list income related to overdraft fees and non-sufficient funds (NSF) fees in the call report.
- House Passes Bill to Avert Government Shutdown, Measure Heads to Senate
February 29, 2024House lawmakers approved a temporary spending bill to prevent a partial government shutdown this weekend, with Speaker Mike Johnson (R., La.) forced once again to turn to a coalition made up mostly of Democrats to pass it. The vote was 320 to 99, with slightly more than half of Republicans joining with almost all Democrats to support the measure.
- Federal Government Shutdown Looms Again; League Asks CUs to Share Plans to Aid Affected Members
February 26, 2024As we move closer toward a potential partial shutdown of the federal government, your League is carefully monitoring the situation and engaging with lawmakers. We continue to make the point that a shutdown will harm credit union members, the regional economy, and credit unions themselves.
- Virginia Holding Presidential Primary March 5
February 26, 2024Virginia's 2024 presidential primary is March 5, with Republicans and Democrats across the Commonwealth picking the candidates they want to face off in the November general election.
- GAC Next Week: Details on League Events, Meetings Now Available
February 26, 2024Your League plans to host a number of “Hike The Hill” legislative visits and a Legislative Reception as part of our advocacy efforts at the Governmental Affairs Conference (GAC). GAC attendees: You should have received an invite on Feb. 26 to download the GAC 2024 mobile app. You can download the app from your app store. Search for “GAC 2024.”
- League Plans Full Slate of Advocacy Events for GAC
February 23, 2024Your League plans to host a number of “Hike The Hill” legislative visits and a Legislative Reception as part of our advocacy efforts at the Governmental Affairs Conference (GAC).
- Revocation of Consent Rule Addresses Credit Union Concerns
February 20, 2024The Federal Communications Commission (FCC) Thursday approved its proposal on revocation of consent under the Telephone Consumer Protection Act (TCPA). The rule approved Thursday reflects several changes requested by America’s Credit Unions—and its legacy organizations prior to the merger—during its engagement with the FCC on the subject.
- NCUA Call Report Update: Focus on Overdraft & NSF Fees; Penalties Resume
February 20, 2024If you’ve been following regulatory compliance developments over the past 18 months or so, then you’ve likely noticed that the regulatory agencies have increased their scrutiny of certain fees charged by credit unions. While numerous fees have been targeted, the agencies have focused the most attention on overdraft and non-sufficient funds (NSF) fees.