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Latest News Posts
- NCUA Board Announces 2024 Meeting Schedule
October 12, 2023The National Credit Union Administration Board today released its monthly meeting schedule for 2024. Open Board meetings are scheduled to begin at 10 a.m.
- CFPB Issues Advisory Opinion on Consumer Information Requests to Large Banks, Credit Unions
October 11, 2023Today the CPFB issued an advisory opinion regarding Section 1034(c) of the Consumer Financial Protection Act (CFPA), which requires large banks and credit unions to comply with consumer requests for information about their account. These requests can include balance inquiries, information about recent transactions, loan balances, interest rates, recent bill payments, fee schedules, lien statuses and more.
- Virginia-Based Credit Unions Reach 45,000 Individuals With Personal Finance Lessons
October 10, 2023Virginia-based credit unions reported reaching 28,144 students and 17,568 adults with lessons on personal finance during the year ended June 30, 2023. To reach those numbers, Virginia’s credit unions collectively conducted 570 presentations to students and 428 presentations to adults.
- 1,000 Emails to Lawmakers in the Past Month in Opposition to Interchange Bill
October 10, 2023We’re closing in on 1,000 emails sent to Virginia’s congressional delegation in opposition to the Credit Card Competition Act (interchange legislation). We launched our most recent campaign a month ago, and you’ve responded by mobilizing your staff, officials and members!
- As House Readies for Election of New Speaker, CUs Urged to Maintain Efforts to Fight Interchange Bill
October 9, 2023As the U.S. House of Representatives readies to select a new Speaker, your League is urging credit unions to maintain communications with lawmakers on the Credit Card Competition Act (interchange legislation).
- Regulatory Compliance Weekly Roundup: Oct. 6, 2023
October 6, 2023This week, we tackle noteworthy news on CFPB's day in court; HMDA information and reporting requirements; the Beneficial Ownership Information (BOI) reporting rule; and recent speeches from members of the NCUA Board on regulatory issues related to mortgage lending.
- ABNB Honored with Brook Briggs Community Impact Award from Samaritan House
October 6, 2023ABNB Federal Credit Union is proud to be honored by Samaritan House with the ‘Brook Briggs Community Impact Award’ at their 9th annual Women Against Violence (WAV) Luncheon on Friday, October 6 at the Westin, Virginia Beach Town Center.
- League Congratulates Apple FCU's Andy Grimm on Appointment to CFPB's Credit Union Advisory Council
October 5, 2023Apple Federal Credit Union President/CEO Andy Grimm was today appointed to the Consumer Financial Protection Bureau's (CFPB) Credit Union Advisory Council. "We're pleased to hear that Andy has joined CFPB's Credit Union Advisory Council and congratulate him on the appointment," said Virginia Credit Union League President/CEO Carrie Hunt. "Regulation that falls within the purview of the Bureau has a tremendous impact on operations and regulatory compliance at credit unions. The Council provides our industry a voice and the opportunity to offer our unique perspective on issues that impact our members and our ability to serve them."
- ABNB Hires Joseph Pennington as Senior Vice President and Chief Financial Officer
October 3, 2023ABNB Federal Credit Union welcomes Joseph D. Pennington, CPA, as its new Senior Vice President and Chief Financial Officer. Joseph will oversee the Finance, Accounting, Enterprise Risk Management and Operations departments.
- NCUA Regional Director John Kutchey Speaks with CEOs at League Summit
October 3, 2023Last week the League hosted our CEO Summit in Charlottesville, VA. The Summit brings together CEOs from $100 million+ credit unions around Virginia, business partners, regulators and League staff to discuss challenges, best practices, and industry trends.