CUNA Regulatory Advocacy Report

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.

Washington Legislative Week in Review

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.

Compliance Question of the Week

When does the Dodd-Frank Act provision that changes the amount of next-day available funds to $200 go into effect?

NWCUA Federal Legislative Week in Review

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

A Solution to the Proposed Caps on Interchange Fees

Recent reports indicate that as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act, passed in 2010, the Federal Reserve is proposing rules that would lower interchange fees on debit card transactions to 12 cents per transaction.

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.

Retailers Lobbying to Avoid Paying Fair Share of Plastic Card Payment System

National credit union movement leaders say that the D.C. retail lobby is misleading congress and consumers as it pushes to cap interchange fees needed to keep the card payment system functional, affordable and safe.

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.

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.

Senate Passes Sweeping Regulatory Reform Bill

The Senate on Thursday passed the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act—the comprehensive financial reform bill that Congress has been working on for over a year.