Advocacy News
Join the conversation about the latest news and issues related to the laws, regulations, politics and issues impacting Virginia's credit unions.
- League Plans Full Slate of Advocacy Events for GAC
February 23, 2024Your League plans to host a number of “Hike The Hill” legislative visits and a Legislative Reception as part of our advocacy efforts at the Governmental Affairs Conference (GAC).
- Revocation of Consent Rule Addresses Credit Union Concerns
February 20, 2024The Federal Communications Commission (FCC) Thursday approved its proposal on revocation of consent under the Telephone Consumer Protection Act (TCPA). The rule approved Thursday reflects several changes requested by America’s Credit Unions—and its legacy organizations prior to the merger—during its engagement with the FCC on the subject.
- NCUA Call Report Update: Focus on Overdraft & NSF Fees; Penalties Resume
February 20, 2024If you’ve been following regulatory compliance developments over the past 18 months or so, then you’ve likely noticed that the regulatory agencies have increased their scrutiny of certain fees charged by credit unions. While numerous fees have been targeted, the agencies have focused the most attention on overdraft and non-sufficient funds (NSF) fees.
- League’s Reg Compliance Update Set for March 13
February 20, 2024Count 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. These virtual updates are designed to aid your team in building its compliance resources and boosting its regulatory expertise. Register now.
- REGular Blog: FFIEC Issues Statement on Exam Principles Related to Real Estate Valuation Discrimination and Bias
February 16, 2024Just this week (Feb. 12, 2024), the Federal Financial Examination Council (FFIEC) issued a statement to communicate principles for the examination of residential property appraisal and evaluation (valuation) practices to mitigate risks that may arise due to potential discrimination or bias in those practices; and to promote credible valuations. When it comes time for your exam, whether it is a safety and soundness exam or a specific consumer compliance exam, expect a review of risk management processes for residential lending activity. Here are additional details to help your credit union prepare!
- NCUA Share Insurance Fund Update: Diving into CAMELS Code Data
February 15, 2024NCUA held its February Board meeting today, which included a quarterly update on the share insurance fund. We've seen a growth in both the number of CAMELS 3/4/5 credit unions, as well as the shares and assets they hold, in recent quarters. Let's see how things looked at year-end.
- NCUA Issues HMDA Reg Alert
February 15, 2024The NCUA issued a Regulatory Alert to provide information on which credit unions must comply with the Home Mortgage Disclosure Act (HMDA) reporting requirements under the CFPB’s Regulation C. In the alert, the NCUA explained that credit unions must collect HMDA data associated with mortgage loan applications processed during 2024 if the credit union meets the four following criteria ...
- NCUA Board to Meet Feb. 15; Share Insurance Fund Update, MDI Program on Agenda
February 9, 2024The NCUA released the agenda for its Feb. 15 Board meeting, noting that the agency will receive a briefing on the Share Insurance Fund’s (SIF) quarterly report and will issue a final interpretive ruling and policy statement on the Minority Depository Institution (MDI) Preservation Program.
- League Plans March 4 Legislative Reception on Capitol Hill
February 9, 2024Your League will host a Legislative Reception on March 4 in Washington, D.C. We have invited Virginia’s entire Congressional delegation as part of our Governmental Affairs Conference Hike the Hill efforts.
- REGular Blog: Big Banks Using the Credit Union Playbook - More Branches and a SEG Strategy?
February 9, 2024A couple of banking news articles caught my eye this week because they highlighted a couple of big banks using some familiar strategies for those of us in the credit union world.