League News Releases
- REGular Blog: SCOTUS finds CFPB's Funding Structure Constitutional
May 17, 2024In a 7-2 opinion released Thursday, the Supreme Court ruled that the CFPB's funding structure did not violate the U.S. Constitution, overturning a decision from the 5th Circuit Court of Appeals.
- VACUL Announces Board Election Results; New Officers
May 17, 2024Member credit unions elected the following individuals to the Virginia Credit Union League Board of Directors. The League is the statewide trade association for the Commonwealth's 99 member-owned, not-for-profit credit unions.
- Introducing Virginia Credit Union League’s Newest Hire Stephen McNiff
May 16, 2024The Virginia Credit Union League is thrilled to welcome Stephen McNiff to our team. As our new consultant for small and medium-sized member credit unions, Stephen brings a robust background in financial services that will greatly enhance the support we offer
- Report: CFPB Examines Credit Card Rewards Challenges
May 16, 2024The Consumer Financial Protection Bureau (CFPB) recently turned its attention to issues in credit card rewards programs, which could impact credit unions significantly. Their findings highlight concerns like vague terms, reward devaluation, and redemption issues—common problems that can frustrate cardholders and complicate credit management.
- 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.