Oregon Legislative Week in Review

We are just one week away from Oregon’s Credit Union Day at the Capitol, and expect over 200 Credit Union Advocates to converge on the Capitol in Salem on March 29th bringing the credit union message to state legislators.

Credit Union Day at the Capitol. We are just one week away from the Northwest Credit Union Associations’s (NWCUA) Oregon Credit Union Day at the Capitol, and expect over 200 Credit Union Advocates to converge on the Capitol in Salem on March 29th bringing the credit union message to state legislators.

Several leaders of the House and Senate will address the group including:

  • Senate President, Peter Courtney
  • Co-Speaker, Bruce Hanna
  • Co-Speaker, Arnie Roblan
  • Senate Republican Leader Ted Ferrioli
  • House Democratic Leader Dave Hunt

Credit union Advocates will meet in the morning at the Micah Building across the street from the Capitol for organizing and training. Following a briefing and an opportunity to hear from leadership, participants will have the opportunity to watch House and Senate floor sessions, followed by lunch and meetings with legislators. The day concludes with a reception at the Salem Convention Center. Attendees will receive an e-mail with parking instructions, meeting assignments and other detailed information later this week. Please plan on staying the entire day as it is important to have advocates at the reception as legislators arrive. We look forward to seeing all of you!

Credit Union Act Modernization. Late last week Association staff learned that the Chair of the Senate General Government, Consumer & Small Business Protection Committee, Representative Chip Shields was drafting an amendment to our credit union modernization bill, SB 177. The amendment reflects Rep. Shields’ concern over credit unions moving their headquarters out of state, and would require a credit union to list dissenting member opinions in its voter information. Staff continue to meet with the Representative to offer up alternatives to this problematic proposal.

Interchange Fees. Last week saw the introduction of Senate Joint Memorial 18. SJM 18 urges Congress to protect and uphold the interchange reforms enacted by Congress in the Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act. The memorial urges Congress to reject calls to overturn debit card swipe fee reform, states that interchange fees have tripled since 2001, representing one of the largest monthly expenses for small and mid-sized merchants.

The memorial was clearly introduced in reaction to the U.S. House Financial Services Committee’s announcement that it intends to hold hearings to review the Durbin Amendment.

Memorials and resolutions have no binding or legal effect, but carry a message from the state legislature to Congress, the President, or another administrative body.

The Association will be sending background information on our position on the Durbin Amendment to those who co-sponsored SJM 18.