Thank you to everyone who sent emails in response to the two Action Alerts we sent out in the last two weeks.Â We had a good response but have more work to do, and must strike while the iron is hot.
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.
According to the NCUA, some Volunteer costs associated with service can be reimbursed, however there are limitations, particularly in Washington State.
Nursing a few bruises isnâ€™t unusual for Northwest Credit Union Association Regulatory Analyst David Curtis. But despite his day-to-day quest to answer compliance questions from Northwest credit unions, this is not where his battle scars originate.
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.
The mandatory compliance date for the loan originator compensation rules is April 1, 2011.Â The rules are designed to protect mortgage borrowers from unfair or abusive lending practices that can arise from certain loan originator compensation practices.
What is a Social Security Representative Payee Account and how do I set one up?
The latest news about NWCUA efforts in Washington D.C.
The NCUA’s new Office of Consumer Protection became effective on february 1. In addition to its obvious consumer protection role, one division of the new office will be responsible for consumer compliance policy, program and rulemaking, fair lending examinations, financial literacy programs and more.
Congressman Rick Larsen (D-WA) agreed to co-sponsor H.R. 1081, the Consumers Payment System Protection Act, which would delay implementation of the proposed interchange rule for one year while the impact is studied.
In a move called ‘randomization’ the Social Security Administration will change the way Social Security Numbers are issued.
As regulators put the finishing touches on rules affecting overdraft programs, credit unions are looking for assurances that their existing program will pass examiner scrutiny, while continuing to provide a much-needed boost to their bottom line and a valuable service to their members.
Credit unions today urged Congress to halt the progress of the Federal Reserve’s interchange proposal and study the impact that interchange changes would have on financial institutions and consumers alike before the interchange rulemaking process can continue.
The Northwest Credit Union Association’s Prize Linked Saving bill on Wednesday passed a Senate floor vote 46-2. The legislation will now move to the House State Government & Tribal Affairs Committee, a body that has already heard and passed a companion measure to the legislation