Federal Legislative Week in Review

It was another busy week in Washington, D.C. We continue to see action and movement on two of our key issues at the federal level.

Avoid ATM Fee Disclosure Lawsuits with Proper Monitoring

An escalating number of class action lawsuits filed against credit unions for failing to comply with Regulation E requirements for disclosing ATM fees has triggered a significant risk concern for credit unions.

NWCUA Offering Required FCU Director Training

the Northwest Credit Union Association (NWCUA) is offering the required training to help your board of directors to obtain a minimum ability to read a credit union income statement and balance sheet.

Washington State GAC Draws More Than 120

The Northwest Credit Union Association’s Washington Government Affairs Conference drew more than 120 participants from around the region last week to learn about new legislation and lobby the state legislature on credit union supported bills.

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.

Continued Attacks on Revenue Sources Pose Challenges for Credit Unions in 2011

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.

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.

Credit Card Act Turns 1 Year Old Today

Since Phase I of the credit card act went into effect one year ago today, credit unions have had to modify their statements, work on fee structures, deal with change in terms notices, review interest rate increases, and adapt to a slew of other changes imposed by the regulation.

Compliance Question of the Week

How do we handle new hire Mortgage Loan Originators who started with our credit union during the initial registration period?

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.

Compliance Question of the Week

When do I need to notify members about the change in next-day availability of funds that has increased because of Dodd-Frank?

Free NWCUA Video Fulfills Vulnerable Adult Training Requirement

Credit unions operating in Washington state are required to train their member facing employees to recognize vulnerable adult abuse. Throught the NWCUA, receiving this training is just one click away.

NWCUA Expands Compliance Services

Keeping the promise of expanding and enriching Association resources, the Northwest Credit Union Association now has three full-time professionals dedicated to serving the regulatory affairs needs of our members.

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.