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Compliance Question of the Week

How long does a stop payment order remain in effect?

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.

Opening a business account for medical marijuana operation?

Both Oregon and Washington States have statutes that legalize medical marijuana, and special interest groups and activists have plans to file initiatives and legislation to expand the legality of marijuana. So, what are the rules for providing services?

Advertising Rule Could Have Compliance Consequences

The National Credit Union Administration has proposed changes to advertising requirements that could force some credit unions to reduce or eliminate some of their current marketing practices.

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.

NWCUA Federal Legislative Week in ReviewCopy

The latest news about NWCUA efforts in Washington D.C.

Major BSA Penalty Assessed Against Bank. Will Your Credit Union Be Next?

The announcement from the Financial Crimes Enforcement Network of a $1,000,000 penalty assessed against Pamrapo Savings for Bank Secrecy Act violations marks a renewed focus on BSA compliance in examinations.

Washingtonian Could be ‘Next Top Credit Union Executive’

One Washingtonian is among the six young finalists that have emerged from 41 applicants to vie for the inaugural title of the Next Top Credit Union Executive.

May You Live in Interesting Times

Living in interesting times would be an apt description of these last couple of years, and with the passing of the Financial Reform Act things will only get more interesting, at least as far as compliance is concerned.

Consumer Financial Protection Around the World

The Filene Research Institute’s recent research titled “Consumer Financial Protection: U.S. Proposals and International Experience” describes the experiences of credit unions around the world that operate under similar consumer protection schemes that the U.S. has recently created.

Matz Schedules Oregon Town Hall Meeting

NCUA Chairman Debbie Matz will host a Town Hall in Portland, Oregon, on October 5, 2010, in an effort to foster two-way communication and discuss developments affecting both natural person and corporate credit unions.

Examining Mortgage Loan Officer Compensation

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

National Credit Union Foundation Seeks Nominations for 2 Board Seats

NCUF has two board seats available – both are for credit union executive or director seats. Now seeking Volunteer nominations.

Mail In Your WCUL-CUAO Merger Vote Today

Ballots must be postmarked no later than this Thursday, Nov. 4.

Corporate Corner: Moving from a Bridge Corp to a New Provider

Corporate Corner is a series of articles that will examine various aspects of the corporate credit union crisis and the NCUA’s plans to resolve the issue and stabilize the industry.

Summer Credit Union Town Hall Meetings Now Being Organized

Cities have been tentatively chosen for Washington credit unions to discuss and provide feedback about the proposed merger of the Washington Credit Union League and the Credit Union Association of Oregon. They include Longview, Yakima, Spokane, Bellingham, Seattle, Tacoma and Olympia.

2010 Capitol Advocacy Award Applications Now Being Accepted

Applications are now being accepted for the 2010 Capitol Advocacy Award to recognize credit unions that have been leaders and participants in legislative and regulatory grassroots advocacy over the past year.

Compliance Calendar

Regularly updated with information about comment letter deadlines, effective dates of regulations, deadlines for reporting, and other important compliance dates.