Advocate Blog
Join the conversation about the latest laws, regulations and political issues having an impact on Virginia's credit unions.
- BREAKING NEWS: House Passes Bill Modernizing Credit Union Fields-of-Membership
June 15, 2022The House passed the CUNA-League-led Expanding Financial Access for Underserved Communities Act Wednesday as part of a larger financial services bill. CUNA, Leagues, credit unions, and system partners strongly support the bill, and engaged House members throughout the process.
- What the End of ‘Chevron Deference’ Could Mean for Banks
June 13, 2022The culmination of a yearslong push from conservative lawyers to undercut the broadest powers of federal agencies could unsettle decades of American banking law and fundamentally reshape the industry’s relationship to its regulators, scholars say.
- Credit Unions, League Meet with Rep. Don Beyer
June 10, 2022Arlington Community Federal Credit Union's Karen Rosales, Navy Federal Credit Union's Michael Huff and League President/CEO Carrie Hunt met today with Rep. Don Beyer (D-8th) to discuss a number of key credit union issues.
- Credit Union Expansion Bill Wrapped into House Package on Financial Inclusion
June 9, 2022A bill to allow credit unions to expand into underserved areas is now part of a broader legislative package headed for likely consideration on the U.S. House floor.
- League Hosting Legislative Receptions in Richmond, Roanoke, Waynesboro, Hampton Roads in August; Register Now
June 1, 2022Your League is hosting legislator receptions in Roanoke, Richmond and Greater Hampton Roads in August. These events are free to attend, but we do ask that you register to aid us in planning.
- CUNA, League-Supported FOM Modernization Bill Passes House Financial Services Committee
May 26, 2022The House Financial Services Committee advanced the CUNA-League-led H.R. 7003, Expanding Financial Access for Underserved Communities Act with a 27-22 vote. The bill represents the most significant proposed update to the Federal Credit Union Act since 1998.
- League Hosts Meetings with Rep. Wittman, Office of Rep. Spanberger
May 20, 2022Your League and credit unions hosted meetings this week with two Congressional offices -- Reps. Rob Wittman (R-1) and Abigail Spanberger (D-7th).
- FOM Modernization Bill Passes House Financial Services Committee
May 19, 2022The House Financial Services Committee advanced the CUNA-League-led Expanding Financial Access for Underserved Communities Act (H.R 7003) with a 27-22 vote. The bill represents the most significant proposed update to the Federal Credit Union Act since 1998.
- Three CU-Related Bills Head to Markup in House Today, Including Bill Giving NCUA Oversight of Third Parties
May 17, 2022Three bills of strong interest to credit unions are on the agenda for markup by the House Financial Services Committee, one of which “poses a costly threat to the credit union industry,” according to NAFCU.
- Pages From the Diary of Mrs. C. Hunt - A Little Bit Dirrrty
May 17, 2022Let's dish some dirt and talk EMERGE Conference and today's House Financial Services Committee's markup of credit union legislation