Fed Issues Clarifications to Reg Z Provisions that Apply to Open-end Credit Plans, Including Credit Cards

The Federal Reserve Board approved a rule amending Regulation Z (Truth in Lending) to clarify aspects of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit Card Act).

Washington Legislative Week in Review

The latest news about NWCUA efforts int eh Washington State Legislature

New NCUA Office Means Compliance Change for Federal Credit Unions

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.

Social Security Administration to Change How Social Security Numbers are Assigned

In a move called ‘randomization’ the Social Security Administration will change the way Social Security Numbers are issued.

Industry Continues to Press for Change on New Regulations

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.

NWCUA Federal Legislative Week in Review

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

The Knowledge Curve: Quantifying the Value in Disciplined Investing

One of the most intriguing similarities among credit union management teams is their lack of awareness with regards to the wide disparity between top performing investment portfolios and bottom performing investment portfolios.

Results are in for National GAC

Within one week of the conclusion of the GAC, Sen. Mark Udall (D-Colo.) introduced legislation (the
Small Business Lending Enhancement Act, S509) increasing the authority of credit unions to make business
loans to their members. By the end of that week, 15 senators from both sides of the political aisle, had signed on as cosponsors.

Consideration of Bankruptcy the Result of a Poor Economy

Falling home prices, rising medical costs, and a stagnant job market are causing many families in the Pacific Northwest to struggle to keep up with their debt obligations. In this environment, bankruptcy will look like an unwanted, but increasingly attractive option.

Oregon Credit Unions Schedule CU Day at the Capitol

Mark your calendar! It is time for Oregon credit unions to register for the 2011 Credit Union Day at the Capitol on Tuesday, March 29.

CFPB Wants to Hear From You

Our newest government agency is starting up with a…well, a tweet actually. The Consumer Financial Protection Bureau has already become a presence in social media and is offering Americans the opportunity to share suggestions, ideas, and comments — become a friend on Facebook or post a video on YouTube.

CUNA Honors Two Northwest Credit Unions

Calcoe Federal Credit Union and Horizon Credit Union were recognized at the CUNA National Awards reception last week for a fundraiser service project and financial literacy efforts.

Reminder: NCUA Final Rule on Permanent Insurance Coverage of $250,000

NCUA issued a final rule regarding the display of the “official sign” and permanent increase in insurance coverage at $250,000.