Advocacy News
Join the conversation about the latest news and issues related to the laws, regulations, politics and issues impacting Virginia's credit unions.
- Rep. Gerry Connolly Signs on as Co-Sponsor of Veterans Members Business Loan Act
December 6, 2023Following credit union and League advocacy efforts, Rep. Gerry Connolly (D-11th) has signed on to H.R. 4867 (Veterans Members Business Loan Act) as a co-sponsor. At present, the bill has garnered the support of 14 House members in a show of bipartisan support.
- With Congress Pushing Toward Holiday Recess, League Engaged with Lawmakers, Watching for Attempts to Advance Harmful Legislation
December 5, 2023Your League remains engaged with lawmakers and watchful for any movement on credit union-opposed legislation as Congress pushes toward its holiday recess. The National Defense Authorization Act remains a top Congressional priority, notes League Chief Advocacy Officer JT Blau, with lawmakers hoping to pass the legislation before its break. Conferees are working to iron out differences in the Senate and House versions of the NDAA, which means we’ll need to remain watchful for attempts to provide banks with the same “free rent” benefit credit unions receive for facilities on military bases. Credit unions oppose extending “free rent” access to banks, given big banks’ track record of anti-consumer behavior.
- CUs, League Hold Virtual Meeting with Congressman Connolly
December 5, 2023On Dec. 4, advocates from Apple Federal Credit Union, CommonWealth One Federal Credit Union, Navy Federal Credit Union, Northwest Federal Credit Union and the Virginia Credit Union League met virtually with Congressman Gerald Connolly (D-11) to discuss legislation important to Virginia’s credit unions.
- League Writes Sens. Warner, Kaine Ahead of Senate Testimony from CFPB's Chopra
December 5, 2023Last week, your League sent letters to Sens. Mark Warner and Tim Kaine regarding the Consumer Financial Protection Bureau’s (CFPB) Semi-Annual Report to Congress.
- League Showcases Credit Union Difference with Federal Advocacy Work
December 5, 2023It’s been a busy week of advocacy work at the federal level, with your League working to showcase the ‘Credit Union Difference.’
- League Hosting Free Compliance Webinar Dec. 6
December 4, 2023Count on your League to help you manage today's complex regulatory compliance environment. Our next quarterly Compliance Roundtable is scheduled for Dec. 6.
- League Member Credit Union Call-in with Carrie Set for Dec. 12
December 4, 2023League President/CEO Carrie Hunt hosts our virtual membership meeting on Dec. 12, with updates on the coming General Assembly session, federal advocacy issues, and more! We want to hear from you on the issues and concerns that weigh on your credit union and your thoughts on the League's direction and services.
- House Passes Resolution to Void Section 1071 Rule
December 1, 2023The House passed a resolution of disapproval for the Consumer Financial Protection Bureau’s section 1071 rule Friday. The Senate passed the resolution in October and it will now head to President Joe Biden’s desk, who is expected to veto it.
- NCUA Reinstates Civil Money Penalties for Late Call Report Filing
November 28, 2023The National Credit Union Administration today announced that it will reinstate assessing civil money penalties for credit unions failing to submit NCUA Form 5300 Call Report on time, effective January 1, 2024.
- League Submits Comment Letter on NCUA Budget Proposal
November 21, 2023Your League today filed its written comments on the National Credit Union Administration’s 2024-2025 budget proposal. Our written comments expand on the testimony of League President/CEO Carrie Hunt last week at the agency’s in-person public hearing.