Oregon Legislative Week in Review

Metro’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.

Interchange Legislation Could be Introduced This Week

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.

Obama’s Former Budget Director Pushing National Prize-Linked Savings Program

The former director of the U.S. Office of Management and Budget under President Barack Obama and current vice-chairman of global banking at Citigroup this week enthusiastically endorsed prize-linked savings as a way to increase savings among low-to-middle-income Americans.

Proposal Addresses Interest Rate Risk Management

In March the NCUA Board issued a proposed amendment to Part 741 that would require certain federally insured credit unions to have a written policy to address interest rate risk management, as well as an effective IRR program for successful asset liability management.

Treasury Releases Interim Final Rule Changing Garnishment Procedures

Late last week the Treasury released its interim final rule that will make radical changes to your credit union’s garnishment proceedings. This rule applies unless the garnishor is the Federal government or a State child protection agency.

Oregon Credit Unions Schedule CU Day at the Capitol

Mark your calendar! It is time for Oregon credit unions to register for the 2011 Credit Union Day at the Capitol on Tuesday, March 29.

Congress Takes Step Back on Interchange Bill

Faced with significant pushback from credit unions and consumer advocates, Congress appears ready to re-evaluate regulations on interchange policies that would cost our members and all consumers higher fees on debit card transactions.

Rockwell Leads Outreach Efforts

In 1988 Kasey Rockwell began her credit union journey as a teller at First Tech Federal Credit Union in Beaverton, Ore., an experience that gave her a solid understanding of the important role credit unions play in the lives of everyday people.

Industry Continues to Press for Change on New Regulations

With credit unions and banks aligned in their efforts to convince regulators and lawmakers to delay implementation of restrictions
on debit card interchange fees, the Federal Reserve Board has stated that any attempt to amend or delay the controversial rule is out of its hands and must start with Congress.

Washington Legislative Week in Review

House Bill 1327—public funds for credit unions—has been referred to the Senate Financial Institutions, Housing & Insurance Committee.

Oregon Legislative Week in Review

The Oregon Legislature returned to work on Tuesday, Feb. 1, and Gov. Kitzhaber released his budget to mixed reviews. The Northwest Credit Union Association has been analyzing hundreds of bills to determine the impact on the state’s credit unions.

Results are in for National GAC

Within one week of the conclusion of the GAC, Sen. Mark Udall (D-Colo.) introduced legislation (the
Small Business Lending Enhancement Act, S509) increasing the authority of credit unions to make business
loans to their members. By the end of that week, 15 senators from both sides of the political aisle, had signed on as cosponsors.

Washington League Introduces new ‘Credit Union Song’ at 77th Annual Meeting

See Brandon Johnston sing his song at the Annual Business Meeting and download the song for free!

Examining Mortgage Loan Officer Compensation

Two recent regulatory actions highlight the significance of reviewing how you compensate your Mortgage Loan Officers.