House Bill 1327 passed the House on Saturday, February 26 by a vote of 85-12 with 1 excused. It is now expected that the bill will be referred to the Senate Financial Institutions, Housing & Insurance Committee where Association staff will work to get it scheduled for a hearing.
Credit unions are calling on Congress to stop, study and start over on planned interchange fee regulations, and legislation that would do just that could be introduced later this week.
It is less and less clear whether the Fed will issue the final rule on the rate setting debit interchange provisions by April 21, even though the law requires that (absent a delay) the provisions are set to take effect July 21.
Oregon credit unions will likely be paying more fees than expected in 2011 to the Department of Consumer and Business Services, the primary regulator of credit unions in Oregon, due to a budget shortfall caused by market forces.
Two credit union chapters—one in Oregon and one in Washington—are hosting March events you don’t want to miss. And the registration deadline for the Southern Oregon Chapter event is tomorrow, Friday, March 4.
As the Federal Reserve moves closer to implementation of the new interchange law, financial institutions across the country are concerned about how they will be affected by the possible loss of interchange fee income.
The Jump$tart Coalitions of Oregon and Washington have set their state Money$mart weeks for April 2-9 and April 23-30, respectively.
Governor Gregoire signed the â€˜early actionâ€™ supplemental budget bill into law, cutting $367 million of the $556 million deficit.
We are excited to announce the introduction of the Small Business Lending Enhancement Act in the Senate.Â Please take a few minutes and send an email to your Senators encouraging them to support this legislation.
Friday, March 25, was the 75th day of the stateâ€™s 105-day legislative session and the last day to consider bills from the opposite house of origin except for fiscal bills necessary to implement the budget. Bills that had not received a committee vote by the end of the day Friday are considered dead.
The Federal Reserve System will conduct a webcast on risk-based pricing notices on February 16. This webinar is part of an ongoing series focused specifically on consumer compliance issues.
Metroâ€™s Chief Operating Officer Mike Jordan has been selected by Gov. Kitzhaber to hold the title of COO for state government and also act as the director of the Department of Administrative Services.