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.

Compliance Question of the Week

How can a member challenge a garnishment of an account that contains a protected payment that was not found during the look back period required under the rules from the Treasury for Garnishment of Accounts Containing Federal Benefits Payments?

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.

CUNA Regulatory Advocacy Report

Several regulatory advocacy efforts that were part of our Government Affairs Conference will certainly continue throughout the coming weeks and months.

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.

Fed Issues Clarifications to Reg Z Provisions that Apply to Open-end Credit Plans, Including Credit Cards

The Federal Reserve Board approved a rule amending Regulation Z (Truth in Lending) to clarify aspects of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit Card Act).

Invest in America Adds MEMBERS ® Insurance to Lineup

Beginning this month, CUNA Mutual Group’s MEMBERS® Auto & Homeowners Insurance program will be available to credit union members through Invest in America. Members will now be able to research and purchase auto and homeowners insurance products from their primary carrier, Liberty Mutual. Learn more about the program.

Federal Legislative Week in Review

Thank you to everyone who sent emails in response to the two Action Alerts we sent out in the last two weeks.  We had a good response but have more work to do, and must strike while the iron is hot.

NWCUA Federal Legislative Week in ReviewCopy

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

Oregon Legislative Week in Review

Today more than 200 Credit Union Advocates from across the state will be descending on the Oregon State Capitol to bring the message of the credit union difference to Oregon legislators.

2011 HMDA Requirements Outlined by NCUA

The National Credit Union Administration in its Regulatory Alert No. 11-RA-02 is reminding credit unions that engage in residential mortgage lending of their 2011 reporting obligations under the Home Mortgage Disclosure Act.

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.

NWCUA Federal Legislative Week in Review

Two-hundred Northwest credit union participants joined more than 4,000 other credit union leaders in Washington, D.C., last week for another successful Governmental Affairs Conference.

Washington Legislative Week in Review

Friday, March 25, was the 75th day of the state’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.