Registration is now open for the Governmental Affairs Conference (GAC). The annual conference will be held at the Walter E. Washington Convention Center in Washington, D.C., and online, March 3–7, 2024. "We hope you'll join your League and fellow Virginians in Washington next year as we engage with our Congressional delegation and regulators," said Virginia League President/CEO Carrie Hunt. "Our advocacy work will be especially critical early next year as we work toward the finish line for the 118th Congress and what promises to be a challenging and eventful 2024 presidential and federal election cycle."

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Hello everyone! As summer comes to a close tomorrow, it’s a stark reminder of how close to the end of the year we suddenly are. When the ball drops and rings in 2024, it will bring with it FinCEN's new beneficial ownership information (BOI) reporting rule!

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Rep. Jennifer Wexton (D-10th) has announced that she will not seek re-election next year. The congresswoman originally announced a few months ago that she had Parkinson's Disease, and has recently received an updated diagnosis of Progressive Supra-nuclear Palsy, type-p (PSP-P), a form of Atypical Parkinsonism.

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Happy Friday everyone! It's been a busy week here at the League! We hiked the hill in Washington D.C. with many of our credit unions on Monday and Tuesday, meeting with our lawmakers to share the ways Virginia's credit unions are helping their members and discussing legislative priorities. We had a number of productive meetings with the banking aides of our legislators, as well as with Sen. Mark Warner. Let's take a quick look at some stories this week from the world of Regulatory Compliance ...

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A measure to provide protections for financial institutions serving cannabis-based businesses in states where it is legal is scheduled for markup in the Senate Banking Committee on Sept. 27. This measure has garnered significant bipartisan support in previous sessions of Congress, but never enough to win passage by both chambers.

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Credit unions: There are new developments on interchange legislation that need your urgent attention. Your League today contacted the offices of Sen. Mark Warner and Tim Kaine urging them to oppose any efforts to advance the Credit Card Competition Act (CCCA). Now, we need you to mobilize at your credit union and ensure staff, officials and members reach out to Virginia's senators.

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The NCUA board will vote on a final loan participation rule at its Sept. 21 board meeting. The meeting is scheduled to start 10 a.m. ET, and will be streamed live on NCUA.gov.

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Introducing the inaugural 1st Advantage Foundation Pickleball Tournament! This Oct. 21 event is not only about competition and fun, but also about giving back to the community by supporting the Foundation’s mission of filling the unmet needs in all branches of our local military community. Through your participation in the tournament, you’ll be directly contributing to the Foundation’s efforts in creating a positive and lasting impact.

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In Hike The Hill events this week in Washington and through a series of legislative events across the Commonwealth this summer, the Virginia Credit Union League and member credit unions met with every member of Virginia’s Congressional delegation in preparation for a busy end-of-year agenda on Capitol Hill.

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The Federal Financial Institutions Examination Council (FFIEC) has updated the Home Mortgage Disclosure Act (HMDA) website. Regulation C requires lending institutions to report public loan data. In this section of the website, you can find out more about the regulation and its interpretation. The updated Filing Instructions Guide (FIG) and Supplemental Guide for Quarterly Filers for data collected in 2023 are now available.

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