Legal Briefs


The NCUA will host a webinar on Thursday, May 26, entitled “Current Allowance for Loan and Lease Losses Exam Issues and Practical Ways to Factor Q&E Adjustments into the Methodology.”  The webinar is free, but individuals will need to register for the webinar.

Office of Foreign Assets Control
The OFAC SDN list was updated again.  Last update May 11, 2011. 

Washington Department of Commerce
The Washington State Department of Commerce released a website containing information about the new Washington Foreclosure Mediation Program.  An additional site contains information for credit unions with questions about reporting and payment requirements.  The law becomes effective on July 22, 2011.

Questions? Contact the Compliance Hotline: 1.800.546.4465, or email us at

Posted in Advocacy News.