Advocate Blog
Join the conversation about the latest laws, regulations and political issues having an impact on Virginia's credit unions.
- Credit Card Rate Cap Bill Would Hurt Consumers, Negatively Impact Access to Credit
September 20, 2023Your League today reached out to U.S. Sens. Mark Warner and Tim Kaine, asking that they oppose legislation from Sen. Josh Hawley, R-Mo., that would cap credit card interest rates at 18 percent.
- League Writes Congressional Delegation; Urges Lawmakers to Avoid Government Shutdown
September 18, 2023Your League today wrote every member of the Virginia Congressional delegation, urging them to avoid a government shutdown and the hardships that would follow for Virginians and the Commonwealth.
- Regulatory Compliance Weekly Roundup: Sept. 15, 2023
September 15, 2023Happy 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 ...
- SAFE Banking Act Scheduled for Markup in Senate Banking Committee
September 15, 2023A 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.
- Urgent Action Alert: Email Sens. Warner & Kaine Now to Fight CU-Opposed Interchange Bill
September 14, 2023Credit 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.
- NCUA Board to Vote on Final Loan Participation Rule Sept. 21
September 14, 2023The 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.
- Virginia CU Advocates Reach Congressional Delegation Through ‘Hike The Hill,’ Summer Legislative Events
September 13, 2023In 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.
- League, CUs Meet with Sen. Warner, Offices of Other Lawmakers as ‘Hike The Hill’ Efforts Continue
September 12, 2023Tuesday was another busy day on Capitol Hill for the League advocacy team and member credit unions. Credit union advocates met with Sen. Mark Warner (D-VA) and the offices of Sen. Tim Kaine (D-VA), Rep. Bobby Scott (D-3rd), Rep. Jennifer McClellan (D-4th) and Rep. Gerry Connolly (D-11th).
- CUs, League Meet In Washington with Offices of Reps. Wittman, Kiggans, Beyer
September 11, 2023Your League and Virginia-based credit unions are in Washington this week to meet with federal lawmakers as part of NAFCU's Congressional Caucus. There are a host of issues of keen interest to credit unions on the Congressional agenda for the remainder of this year, including our ongoing battle against interchange legislation, funding the federal government, measures related to CFPB, and legislation that would provide new flexibility for federal credit union board meetings. Credit unions and your League met today with the offices of Reps. Rob Wittman (R-1st), Jennifer Kiggans (R-2nd) and Don Beyer (D-8th), covering those issues and others.
- League Reps Meet With Gov. Youngkin, Attorney General Miyares, Lawmakers
September 7, 2023Your League’s Governmental Affairs team, with an assist from Langley Federal Credit Union, has been hard at work today keeping credit unions top-of-mind for our state lawmakers and executives.