League News Releases
- REGular Blog Weekly Roundup: July 12, 2024
July 12, 2024In today’s REGular blog we’re recapping some of this week’s key items for credit union regulatory compliance, including a preview of next week’s NCUA board meeting, the release of 2023 HMDA data, and a new proposed rule from the CFPB on mortgage servicing. Read more here!
- FinCEN's Proposed BSA Rule Part 2: Impact on the Existing Pillars
July 11, 2024FinCEN’s Proposed Rule: Part 2. After looking at the possible new sixth BSA pillar, today’s REGular blog post dives in on how FinCEN’s proposed rule on AML/CTF programs would impact the current BSA pillars and their compliance requirements for credit unions. Read more here!
- FinCEN Issues Proposed Rule: Is a Sixth Pillar on the Horizon?
July 10, 2024FinCEN has issued a proposed rule which could create a sixth BSA pillar – an AML/CFT risk assessment. We’re looking at the details of this part of the proposed rule in today’s REGular blog. Read more here!
- Unified Regulatory Agenda Part 2: CFPB and FinCEN
July 9, 2024After examining the NCUA’s Rulemaking Agenda, we take a closer look at some key items from the CFPB and FinCEN in Part 2 of our Unified Regulatory Agenda analysis. Read more in today’s REGular blog!
- CFPB Issues Summer 2024 Supervisory Highlights - Key Takeaways for Credit Unions
July 3, 2024The CFPB has released the latest edition of its Supervisory Highlights. Credit unions can learn from the common findings highlighted in the report to ensure their procedures and practices are compliant. In today’s REGular blog, we highlight key findings in the report and give takeaways and best practices for credit unions.
- NCUA issues annual Cybersecurity and Credit Union System Resilience Report
July 2, 2024The NCUA recently released their annual Cybersecurity and Credit Union System Resilience Report. The report looks at cyber threats facing credit unions and how the NCUA and credit unions can stay prepared. Read more in today’s REGular blog post.
- Member Spotlight: Investing in Financial Literacy - How Baylands Family Credit Union Is Leading the Way
July 2, 2024Baylands Family Credit Union, an esteemed member of the Virginia Credit Union League, exemplifies the ‘People Helping People’ philosophy that defines credit unions. This guiding principle has driven Baylands to develop robust financial education programs aimed at enriching both their members and the broader community. This year, they’ve placed a particular emphasis on two major initiatives: Youth Financial Education & Empowerment and Community Partner In-Person Education Seminars, aiming to enhance financial literacy and empowerment across diverse age groups.
- Supreme Court Overturns Chevron Doctrine
July 1, 2024In a landmark decision on Friday, the Supreme Court overturned the Chevron doctrine, a legal precedent that has long provided federal agencies with significant deference in interpreting ambiguous statutes. We'll be monitoring developments and impacts on the NCUA, CFPB, and credit unions.
- Uniting for Inclusivity: How CU Pride and Chartway Credit Union Lead Change
June 26, 2024June is Pride Month, a time to celebrate the contributions and advancements of the LGBTQ+ community. At the Virginia Credit Union League, we are proud to spotlight Chartway Credit Union for their active involvement in CU Pride, a testament to their commitment to diversity, equity, and inclusion within the credit union industry.
- Credit Unions, Leagues Come Together to Celebrate 90th Anniversary of Federal Credit Union Act
June 24, 2024Wednesday, June 26th, the Credit Union Movement will mark 90 years of the National Credit Union Act. The legislation made it possible for credit unions to organize under state or federal charter and created the Bureau of Federal Credit Unions, the first government agency to oversee credit unions. The organization later became the National Credit Union Administration (NCUA). This key milestone is a reason for credit unions to celebrate!