Advocate Blog
Join the conversation about the latest laws, regulations and political issues having an impact on Virginia's credit unions.
- National Credit Union Foundation Announces New FinHealth Director
November 10, 2022The National Credit Union Foundation (the Foundation) has announced the addition of Jamie Chandler as FinHealth Director. As FinHealth Director, Chandler will lead the Foundation’s efforts to strengthen the understanding and support of financial well-being across the credit union movement.
- Carrie's Diary: Death and Rebirth
November 10, 2022If you think of an election as a death and rebirth, with each new Congress or state legislative session, we get to reshape and re-think our priorities. At the League, we do that each year under the direction of our board and recommendations from our members, committees, and staff. For us, supporting an environment that allows credit unions to focus on their members serves credit unions in Virginia.
- NAFCU Compliance Blog: The Fifth Circuit and the CFPB
November 2, 2022On October 19, 2022 the Fifth Circuit ruled that the CFPB was unconstitutional and that the 2017 Payday lending rule was therefore vacated. Since the ruling, the compliance team has heard about compliance professionals and credit unions questioning whether or not the CFPB would be abolished because of the ruling and how much weight they should give to CFPB rules/guidance.
- CUs Meet With Gov. Youngkin; Note CUs' Importance in Helping Members Manage Current Economic Conditions
October 28, 2022Northwest Federal Credit Union CEO and League Vice Chairman Jeff Bentley and League Chief Advocacy Officer JT Blau met today with Gov. Glenn Youngkin at a breakfast event hosted by the Hunton Andrews Kurth, our lobbying firm.
- NCUA Board Announces 2023 Meeting Schedule
October 26, 2022The National Credit Union Administration Board today released its monthly meeting schedule for 2023. Open Board meetings are scheduled to begin at 10 a.m. Eastern. View the press release?.
- League Filing Written Comments on NCUA Budget
October 25, 2022Following testimony by League President/CEO Carrie Hunt last week at NCUA's in-person budget hearing, your League will be submitting additional written comments on the budget by the Friday deadline.
- League, CUs Meet with Congresswoman Elaine Luria
October 25, 2022Member credit unions and your League held a virtual meeting today with credit union supporter, Rep. Elaine Luria, who remains locked in heated battle to hold on to her 2nd District seat.
- NCUA Board to Congress: Extend CLF Changes
October 21, 2022 - Court Rules CFPB Funding Unconstitutional, CU Trades Applaud Ruling
October 20, 2022The 5th U.S. Circuit Court of Appeals found the Consumer Financial Protection Bureau’s (CFPB) funding mechanism is unconstitutional Wednesday. CUNA has long supported placing the CFPB under the traditional appropriations process. The three-judge panel found placing the bureau’s funding outside of the process violates the U.S. Constitution’s structural separation of powers.
- League President Carrie Hunt Testifies at NCUA's Public Hearing on Budget Proposal
October 19, 2022League President/CEO Carrie Hunt testified Wednesday during an NCUA hearing on its 2023-2024 budget and the agency’s justification for its proposed expenditures.