Advocate Blog
Join the conversation about the latest laws, regulations and political issues having an impact on Virginia's credit unions.
- REGular Blog: NCUA to Issue ANPR on Records Preservation Programs
April 12, 2024The NCUA Released the Agenda for their April 2024 Board Meeting this week, and it includes only one item: an Advance Notice of Proposed Rulemaking (ANPR) on Part 749, Records Preservation Program.
- REGular Blog: Weekly Roundup: April 11th
April 11, 2024Happy Thursday everyone! This week kicked off with the eclipse, and I hope you were able to step outside and take a look through some glasses. I was fortunate enough to be in Cleveland, which was in the path of totality. It was truly an amazing experience, and I would highly recommend experiencing the totality if you have the chance in the future!
- Fifth Circuit's Decision on Credit Card Late Fee Lawsuit: Implications for Credit Unions
April 11, 2024The U.S. Court of Appeals for the Fifth Circuit recently issued a pivotal order that reverses the district court's decision regarding the lawsuit challenging the Consumer Financial Protection Bureau's (CFPB) credit card late fee rule. Your League is closely monitoring these developments to provide our members with crucial insights and guidance on navigating the evolving regulatory landscape.
- A Tale of Two Bills
April 10, 2024The Virginia Credit Union League monitored dozens of bills during the 2024 General Assembly Session and worked with legislators on a half dozen or more to amend or defeat. While these bills often take different paths, they all have one thing in common, VACUL staff work tirelessly to deliver positive outcomes for Virginia’s 98 credit unions. This story examines the unique path taken by two bills worked on by the League.
- REGular Blog: Weekly Roundup April 4th
April 4, 2024Happy Thursday everyone! As we head into the weekend with the Final Four and Monday's eclipse, let's take a look back at some of this week's developments in our wild world of regulatory compliance!
- A Toast to Excellence: Recognizing JT Blau and CeJae Vtipilson’s AACUL Appointments
April 4, 2024Your League is delighted to share the news of JT Blau and CeJae Vtipilson’s recent appointments to the AACUL Strategy Work Groups. As these work groups kick off their initiatives this April, JT and CeJae are set to bring their specialized knowledge to the forefront of credit union advocacy and strategy.
- REGular Blog: Swipe Fee Settlement Reached Between Visa, Mastercard, and Merchants
March 26, 2024On Tuesday morning, news broke that a landmark antitrust class action settlement had been reached between U.S. merchants, Visa, and Mastercard related to swipe fees.
- Weekly Roundup: 3/22/2024 - March Madness Edition
March 22, 2024This week’s REGular blog weekly roundup covers the latest in regulatory compliance impacting credit unions, including an update on legal challenges to the CFPB’s credit card late fee rule, interchange efforts, government funding, and the latest data from the NCUA showing trends in credit union balance sheets and income statements.
- CDFI Fund to Conduct Webinar on Title VI Compliance Worksheet
March 19, 2024The Treasury’s Community Development Financial Institutions (CDFI) Fund and Office of Civil Rights and Equal Employment Opportunity (OCRE) will conduct a live webinar to assist organizations in understanding the requirements of the CDFI Fund’s Title VI Compliance Worksheet.
- Compliance Blog: ChexSystems Reports
March 19, 2024America's Credit Unions Compliance Blog: Many credit unions choose ChexSystems reports to determine whether a person may open a share account. Ultimately, this method is a risk-based business decision for the credit union to make, but you may want to understand a few basic things when pulling this type of report to confirm or deny a share account.