Bauer Financial and Highline Financial found that nearly 30 percent of Washington-based banks and 22 percent of Oregon-based banks are considered problematic or troubled.
It is all interchange, interchange, interchange as state and national associations push Congress to stop the Durbin Amendment from being implemented as is. Member credit unions are being asked to use social media and mobilize their membership in the effort.
This week is the halfway point of the 2011 session and bills must be moved before certain deadlines or else they are dead for this session. The Associationâ€™s Credit Union Modernization bill, Senate Bill 177, met its deadline and is moving forward.
The prize-linked savings bill is going to the Governor, while many tax exemption proposals are being proposed in an effort to close the budget deficit.
The most recent update from CUNA on Regulatory Advocacy activities.
While the Fed increased the APR threshold, CUNA notes that credit unions have the option to continue to follow the lower threshold that applied prior to the change.
Am I required to ‘display’ the individual NMLS identifier number of our MLOs?
Member Access Pacific encourages credit unions to reach out to their members and lawmakers concerning interchange regulations.
Pushing for a delay in implementing the Durbin Amendment, the Association and its members are reaching out to Congress through grassroots, editorials, social media, and advertising.
Legislation is moving in Olympia to close down an important bank tax exemption, while a citizen initiative that would end all Washington State tax exemption is looking for signatures.
Through a methodical and deliberate process, management and the board came up with a process that addressed concerns and prepared the credit union for the future.