Home News CURRENT Newsletter | March 5, 2024

CURRENT Newsletter | March 5, 2024

Authored By: Lewis Wood on 3/5/2024

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CU at the Polls: Virginia Holding Presidential Primary Today!

Sen. Mark Warner Meets with Virginia CU Representatives at League's Capitol Hill Reception

As part of our advocacy efforts at GAC on Monday, Sen. Mark Warner (D-VA) was the guest of honor at the League's Legislative Reception on Capitol Hill.

League Joins Other Trades in Pushing Back Against Banker Attacks on Tax Exemption

Your League joined with other state leagues to push back against banker attacks on credit unions' tax exemption.

League Meets with NCUA Board Vice Chair Kyle Hauptman

Chief Advocacy Officer JT Blau met Sunday with National Credit Union Administration Board Vice Chairman Kyle Hauptman to discuss a number of issues, including credit union board meeting frequency, challenges facing board and supervisory committee members, and upcoming call report changes.

REGular Blog: CFPB Issues Final Rule Limiting Credit Card Late Fees

Today the CFPB issued its final rule on credit card late fees, which lowers the safe harbor on credit card late fees for large issuers. The rule was proposed last year, and it did change slightly from the proposed version. The Final Rule is a hot conversation topic here at GAC!
Related post: CFPB Issues Final League-Opposed Credit Card Penalty Fee Rule

League’s Reg Compliance Update Set for March 13

Count on your League to help you manage today's complex regulatory compliance environment! We've scheduled the first of this year’s quarterly virtual updates for March 13, with topics of discussion to include news and notes from the General Assembly, recent proposals by the CFPB on fees, and coming changes to the NCUA Call Report.
JT Blau, Chief Advocacy Officer of the League, and attorney Jay Spruill (Woods Rogers Vandeventer Black PLC), who serves as lead attorney for the League's Compliance Hotline, will lead the discussion.

CU PolicyPro Training March 14

Join us and InfoSight on March 14 as we dive into the intricacies of CU PolicyPro and help you take full advantage of the features and resources available within the policy management system. This free webinar will teach you how to customize PolicyPro’s model content, best practices for formatting, and how to publish and distribute policies and procedures to your staff, board members, and examiners. New and experienced users will benefit from this training.

League Board Seeks Nominations for Kirsch, Farley Awards

We are seeking your recommendations for prospective candidates for our annual awards. The Virginia Credit Union League Board will name the winners of this year’s James P. Kirsch Lifetime Achievement Award and Eugene H. Farley Jr. Award of Excellence at the League Annual Meeting in Washington D.C. on May 2, 2024. Nominations are due by March 15, 2024.

SE Management School: Enrollment Now Open for 2024

Southeast Management School is on a mission to provide you with a premier opportunity to develop your leadership skills so that you can more greatly contribute to the success of your credit union. This intensive, focused program takes three years to complete and meets annually for one week in June at the University of Georgia. Completion of this program guarantees that you'll develop the operational, managerial and leadership abilities necessary to take your career to the next level!

In Other News …

Tags: GAC, Governmental Affairs Conference, Warner, IGNITE, Annual Meeting, Compliance, League Board, Tax Exemption, CFPB, Credit Card Late Fees

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