Advocacy News
Join the conversation about the latest news and issues related to the laws, regulations, politics and issues impacting Virginia's credit unions.
- 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.
- League Urging Lawmakers to Avoid Looming Partial Federal Government Shutdown
March 19, 2024White House and congressional negotiators agreed Monday evening to fund the Department of Homeland Security along with nearly three-quarters of the federal government — starting a sprint on Capitol Hill to pass the legislation before a government shutdown deadline this weekend. Your League continues to urge lawmakers to avoid a federal government shutdown, as even partial ones would have an outsized impact on our regional economy.
- Coming Call Report Changes for Large CUs On Overdraft, NSF Income Reporting: What You Need to Know
March 19, 2024We continue to field questions from credit unions about NCUA having amended the Call Report to require large credit unions (in this case meaning more than $1 billion in total assets) to report income from overdraft fees and NSF fees.