Washington State Department of Labor & Industries to Hold Session on Revised OT Employment Rules
Feedback meetings to be held throughout the state Nov. 27, 28, and 29.
The Department of Labor & Industries (L&I) is offering three feedback sessions on a revised version of the overtime employment rules that will affect executive, administrative, and professional (EAP) workers in Washington state. L&I is currently reviewing comments it has received on the first pre-draft rules in October, and it will release the second pre-draft rules in the next few weeks. You will have the opportunity to provide input at a feedback session, online, or by email.
Attend a feedback session in November
Employers and employees are encouraged to attend one of L&I’s feedback sessions below. The first part of the meeting will provide a historical overview of the EAP rules, the rulemaking timeline, and an overview of the most recent changes to the pre-draft rules.
The second part of the meeting will give you an opportunity to provide input on both the rulemaking and the revised draft changes to the rules. L&I staff will be available to answer questions and facilitate a discussion about the rules.
The feedback sessions will be held around Washington state:
- Nov. 27: The Swedish Club, Stockholm Room, 1920 Dexter Avenue N., Seattle, WA 98109 10 a.m. to 12:30 p.m.
- Nov. 28: The Hilton Garden Inn, Rainier Room, 401 E. Yakima Ave., Yakima, WA 98901 10 a.m. to 12:30 p.m.
- Nov 29: The L&I Vancouver Service Office, 312 SE Stonemill Drive, Suite 120 Vancouver, WA 98684 10 a.m. to 12:30 p.m.
L&I is sharing this information through listserv emails and social media.
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DCU Issues Revised Interpretive Letter I-18-04 and WA L&I Draft Sexual Harassment Model Policy
The Washington State Division of Credit Unions has released Revised Interpretive Letter I-18-04, which answers the question of whether a loan secured by 1- to 4- family dwelling is exempt from the Washington state definition of a member business loan.
The conclusion is that due to the enactment of S. 2155, a Washington state-chartered credit union is authorized to exclude a loan secured by a 1- to 4-family dwelling from consideration as a MBL and may therefore exclude a loan secured by a 1- to 4-family dwelling in its calculation of its aggregate MBL limit. All Washington state-chartered credit unions may act in reliance upon this Interpretive Letter even though Chapter 208-460 WAC is not being amended to update the state MBL definition and aggregate MBL limit to conform to federal law.
The Washington State Human Rights Commission (HRC) and L&I has shared their draft Best Practices, Sexual Harassment Model Policy, and Sexual Harassment Model Procedures.
SB 6471 from the 2018 session directed the HRC to convene a workgroup to develop model policies and best practices for employers and employees to keep their workplaces safe from sexual harassment. The HRC must adopt model policies and best practices and post them on their website by Jan. 1, 2019. L&I is required to post the policies and best practices on its website within 30 days of adoption by the HRC.
The text of each of those documents is available at https://www.hum.wa.gov/news/comment-on-draft-best-practices-sexual-harassment-model-policy-and-sexual-harassment-model-procedures for your review. L&I is providing this link to assist with the HRC’s outreach.
Please send all comments to the Human Rights Commission by 5 p.m. PST Nov. 30. You can do so via email to: firstname.lastname@example.org or U.S. Mail addressed to:
Washington State Human Rights Commission
PO Box 42490
Olympia, WA 98504
Question of the Week
How do I know that someone has passed me counterfeit money? What should I do once I know it’s counterfeit?
The proper credit union procedure is to use the counterfeit pen on all large bills (50s and 100s). The practice will assure the credit union and its members that there are no counterfeit bills being passed along. It may be necessary to make additional bills due to the operation of counterfeit rings and other circumstances. However, it also helps to be familiar with the look and feel of each bill to also help in identifying a counterfeit note.
If you receive a counterfeit bill:
- Do not return it to the passer.
- Delay the passer if possible, if you feel it is an intentional act on their behalf.
- Observe the passer’s description, as well as that of any companions to aid law enforcement. If possible, obtain the license numbers on any vehicle used.
- Notify your supervisor, who will in turn contact the local police department or the U.S. Secret Service field office.
- Write your initials and the date in the white border areas of the suspect note along with the initials of the person surrendering the bill(s).
- Limit the handling of the note. Carefully place it in a protective covering, such as an envelope.
- Surrender the note or coin to your supervisor for proper reporting. The designated person will complete the necessary Counterfeit Note Report, form SSF1604 and forward it to the local U.S. Secret Service Field Office:
- Idaho: 550 West Fort Street, #730, Boise, ID 83724
- Oregon: 805 SW Broadway, Suite 520, Portland, OR 97205
- Washington: 2101 Fourth Avenue, Suite 1600, Seattle, WA 98121 or 528 E Spokane Falls Blvd, #600, Spokane, WA 99202
- The member should be given a manual receipt for the transaction. If the suspected bill is deemed authentic, the member will be credited for the amount.
How to detect counterfeit money:
Look at the money you receive. Compare a suspect note with a genuine note of the same denomination and series, paying attention to the quality of printing and paper characteristics. Look for differences, not similarities.
The genuine portrait appears lifelike and stands out distinctly from the background. The counterfeit portrait is usually lifeless and flat. Details merge into the background which is often too dark or mottled.
Federal Reserve and Treasury Seals
On a genuine bill, the saw-tooth points of the Federal Reserve and Treasury seals are clear, distinct, and sharp. The counterfeit seals may have uneven, blunt, or broken saw-tooth points.
The fine lines in the border of a genuine bill are clear and unbroken. On the counterfeit, the lines in the outer margin and scrollwork may be blurred and indistinct.
Genuine serial numbers have a distinctive style and are evenly spaced. The serial numbers are printed in the same ink colors as the Treasury seal. On a counterfeit, the serial numbers may differ in color or shade of ink from the Treasury seal. The numbers may not be uniformly spaced or aligned.
Genuine currency paper has tiny red and blue fibers embedded throughout. Often counterfeiters try to simulate these fibers by printing tiny red and blue lines on their paper. Close inspection reveals, however, that on the counterfeit note the lines are printed on the surface, not embedded in the paper. It is illegal to reproduce distinctive paper used in the manufacturing of United States currency.
National Credit Union Administration (NCUA)
The NCUA, jointly with the other financial regulatory agencies, issued a press released retailing supervisory practices regarding financial institutions and their customers affected by the California wildfires.
The NCUA released its Board Action Bulletin detailed its November Board Meeting. The NCUA announced that during the meeting, the board unanimously approved the operating, capital, and Share Insurance Fund budgets for 2019 and 2020 as well as a proposed rule to update fidelity bond requirements for corporate and natural-person credit unions.
Federal Reserve Board (FRB)
The FRB released its Supervision and Regulation Report which summarizes banking conditions and the FRB’s supervisory and regulatory activities.
Federal Housing Finance Agency (FHFA)
The FHFA released its Performance and Accountability Report.
The FHFA published An Update on the Single Security Initiative (SSI) and the Common Securitization Platform (CSP), which provides information on the launch of a single, common security called the Uniform Mortgage Backed Security.
Federal Emergency Management Agency (FEMA)
FEMA announced that three communities in Oregon are scheduled for suspension from the National Flood Insurance Program.
Internal Revenue Service (IRS)
The IRS issued a notice of proposed rulemaking aimed at addressing the statutory amendments to hardship distributions from 401(k) plans made by the Bipartisan Budget Act of 2018.
Federal Trade Commission (FTC)
The FTC issued its Fiscal Year 2018 Agency Financial Report.
Office of the Comptroller of the Currency (OCC)
The OCC issued Bulletin 2018-41, announcing the release of its Policies and Procedures Manual for enforcement actions against institution-affiliated parties.
Federal Deposit Insurance Corporation (FDIC)
The FDIC announced that it is seeking public comment on small-dollar lending by FDIC-supervised financial institutions. The RFI requests information on consumer demand, supply of these loans, and what can be done to encourage banks to offer these products.
Office of Foreign Assets Control (OFAC)
OFAC has updated the SDN list as of Nov. 15. The last update prior to this was Nov. 13.
Questions? Contact the Compliance Hotline: 1.800.546.4465; email@example.com.