Oregon Legislative Week in Review

With the committee deadline cutoff passed and the Association’s bills moving forward, it is time for a quick civics lesson on how ideas become law in Salem.

NCUA Removes Two Controversial Provisions from Corporate CU Rule

The board meeting on April 21 resulted in changes to Corporate Credit Union rule, Corporate CUSO powers, and Supervisory Committee and Appeals rights. It also provided an update on the health of the NCUSIF.

Fed Proposes Rule Under Reg. Z Pertaining to Ability to Repay Mortgage and Minimum Underwriting Standards

The proposal would apply to all consumer mortgages except home equity lines of credit, timeshare plans, reverse mortgages, or temporary loans.

Compliance Question of the Week

When are member funds presumed abandoned?

Nonprime Auto Approvals, Leasing Up in March

Autoland Solution’s president outlines various trends in the automobile market, including higher prices for Japanese cars following the tragic earthquake and tsunami.

Credit Scores to be Required on Adverse Action and Risk Based Pricing Notices

The proposed rules from the Fed and the FTC will come into effective on July 21, 2011, as part of the credit score disclosure requirements in the Dodd-Frank Act.

CU for Kids Raises $135,000 for Children’s Hospital

These funds will go to the Doernbecher Children’s Hospital in support of new facilities, equipment, research, and patient programs.

Association Partners With Autoland as Its Preferred Car-Buying Partner

The new partner will help credit union members purchase vehicles. Lunch & Learn sessions will be held throughout the region.

NW CU Professionals Become Certified Development Educators

Three Northwest credit union professionals were among the graduates of the intensive, week-long Credit Union Development Education training held in Madison, Wis.

Business Week, CUs Teach Teens about Entrepreneurship and Business

The business week programs introduce teens to business concepts, and are a valuable opportunity for credit unions to give back to the community.

Association Announces Free Chapter Leader Webinar

The webinar will outline the Association’s new chapter support program, including liaisons, a new website, and a new chapter excellence award.

Member & Chapter News

A credit union professional is up for a national award and a chapter is holding a fundraiser for a Tacoma-area hospital. Plus more meeting announcements.

Warren Sees May Testing of Mortgage Forms

The CFPB will begin testing prototype model mortgage forms against existing laws, according to its head.