Blog
- REGular Blog: Weekly Roundup: April 25th
April 25, 2024In the past week we've gotten an ANPR from NCUA on records preservation, an analysis from FinCEN on elder financial exploitation SARs and CTRs, and some updated FAQs on Beneficial Ownership Information reporting. Let's dive in!
- League Celebrates a Win During Reconvene Session, but Commonwealth Remains Without Budget
April 25, 2024Each year, the Virginia General Assembly reconvenes in April to act upon the Governor’s amendments and vetoes to legislation the House and Senate Passed during the regular session. During the 2024 General Assembly Session 1,046 bills made it through both the House and Senate Chambers to the Governor’s desk. Wednesday, April 17th, the Virginia General Assembly held its Reconvene Session, also known as the veto session.
- The Job Growth Paradox: Strong Numbers Hide Struggles of Small Businesses
April 25, 2024While overall employment figures show robust job growth, the National Federation of Independent Business (NFIB) has unveiled a contrasting scenario for small businesses. Virginia's credit unions can help local businesses overcome hiring challenges and contribute to a resilient local economy and legislative landscape.
- REGular Blog: Weekly Roundup: April 18th
April 18, 2024Today is NCUA Board Meeting Thursday, after an unexpected month off in March. They are back with a proposed rulemaking. Let's take a look at that and some of the other top stories of the week in regulatory compliance.
- 2024 Primaries: Key Insights for Virginia Credit Unions
April 18, 2024As the June 18 primary nears, the political landscape in Virginia is becoming increasingly active, holding substantial implications for the credit union community. Here’s an overview of pivotal races and their potential impact on 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!