League News Releases
- Court Halts CFPB Rule on Credit Card Late Fees Amid Constitutional Concerns
May 16, 2024A Texas court has temporarily stopped the Consumer Financial Protection Bureau's (CFPB) new rule that would cap credit card late fees at $8. The preliminary injunction highlights constitutional questions concerning the CFPB's funding and halts the rule's implementation amid discussions on its impact on credit unions and the broader financial industry.
- Assessing the Impact of High Interest Rates on Inflation
May 16, 2024The Federal Reserve's recent strategy of increasing interest rates to temper inflation has shown mixed results, as detailed in recent statements from Fed officials. While the rates have reached a 23-year peak, their direct impact on consumer behavior and inflation remains uncertain, pointing to potentially prolonged high rates.
- Clutch Partners with the Virginia Credit Union League to Revolutionize Consumer Banking
May 16, 2024Clutch, a leading fintech platform specializing in omni-channel consumer loan and deposit account opening solutions exclusively for Credit Unions, proudly announces its strategic partnership with the Virginia Credit Union League.
- Sparrow and Virginia Credit Union League Unite to Empower Gen Z & Millennial Financial Futures
May 16, 2024Sparrow, a trailblazer in fintech disruption, is thrilled to announce a strategic partnership with the Virginia Credit Union League (VACUL), a historic organization championing the interests of credit unions across Virginia. This collaboration marks a new dawn in financial engagement, tailored to meet the unique needs and aspirations of Gen Z and Millennial members.
- League Partnership to Deliver Governance Assessment and Consulting Services to CUs
May 10, 2024New Partnership Announcement: Quantum Governance, L3C CEO Jennie Boden and the Virginia Credit Union League (VACUL) Interim CEO Karima Freeman have announced a strategic partnership that will provide Virginia credit unions with governance, strategy assessment, and consulting services to help them increase the effectiveness of their governance.
- REGular Blog: Weekly Roundup May 10, 2024
May 10, 2024It's been another busy week in the world of regulatory compliance! Let's take a look at some of this week's headlines.
- A Closer Look at April’s Jobs Report
May 9, 2024By the end of April 2024, the labor market presented a nuanced, but fundamentally stable, picture. This period of adjustment is critical for understanding the broader economic landscape. Let's take a closer look.
- Firefighters Community Credit Union Survey: Marketers' Insights and Collaboration
May 9, 2024In a bid to gather valuable insights from credit union marketers, Firefighters Community Credit Union in Ohio, is conducting a comprehensive survey in an effort to promote collaboration and knowledge sharing. On behalf of our peers at the Ohio Credit Union League, we encourage our members to participate in this survey initiative.
- Senator’s Warner and Kaine Reject Including the Credit Card Competition Act in Must-Pass Legislation
May 9, 2024Virginia’s U.S Senators Mark Warner and Tim Kaine voted against including the Credit Card Competition Act (CCCA) S.1838 and other non-germane amendments in the Federal Aviation Administration (FAA) reauthorization bill. The Virginia Credit Union League thanks Senators Warner and Kaine for not allowing this harmful legislation to be included in must-pass legislation.
- Andy Grimm Represents Credit Unions in Joint Hearing
May 9, 2024Today the Consumer Financial Protection Bureau and the Department of Transportation held a joint hearing on Airline and Credit Card Rewards Programs. Andy Grimm, President/CEO of Apple FCU, served as a panelist representing the credit union industry.