Senate to Hold Hearing on Housing Finance Reform

This week’s Federal Legislative Week in Review outlines work on the federal mortgage standards bill, the Fed’s pending Interchange amendment, and the NCUA’s prepayment plan.

Oregon Legislative Session’s End is Near?

This week’s Oregon Legislative Week in Review outlines how a constitutional deadline for ending the session is near despite some budget issues still needing approval.

Regulators Answer CU Questions at Forum

The Governmental Affairs Forum addressed many pressing issues at the state and federal levels including due diligence, new programs, shortened exam cycles, and policy documentation.

NCUA Weighing Options For O.U.R FCU

Under the agency’s conservatorship, normal business activity will continue and members of the credit union will have access to the services available to them prior to NCUA taking control of the credit union’s operations last Friday.

Inherited IRA is Insured, but Tax Issues Can be Complicated, says NCUA

According to the June 6 letter, the NCUA’s regulations provide share insurance coverage for a member’s IRAs up to $250,000 that is separate from the member’s other accounts at the same credit union.

Compliance Question of the Week

Am I required to ‘display’ the individual NMLS identifier number of our MLOs?

Wire Fraud: Identification and Prevention

Ken Otsuka of CUNA Mutual outlines how credit unions can avoid wire fraud, which costs the system over $4 million a year.

Oregon Rep David Wu Co-Sponsors HR 1418

Oregon Congressman David Wu yesterday added his name to the list of H.R. 1418 co-sponsors. The House bill will increase the credit union member business lending cap to 27.5 percent of assets.

Oregon’s Senate Republicans Force Vote on SJR 32

Senate Republicans last Thursday forced a vote on Senate Joint Resolution 32, a bill that would have given the legislature veto authority over job-killing agency rules.

Brown Leads Member Relations Push for NWCUA

Ferris Bueller, the main character of the eponymous movie, said: “Life moves pretty fast.” Danielle Brown, the Association’s head of member relations, knows what he meant.

Northwest CU Leaders Gather in Bend

Northwest credit union leadership is gathered this week in Bend for regulatory updates, strategic planning and mid-year meetings.

Japan Disaster Affecting Auto Supply

Who could have predicted that an earthquake, tsunami and nuclear meltdown would hit a region so integral to the automobile market?

Technical Change Made to NCUA ‘Golden Parachute Rule’

The NCUA board of directors made technical modifications to its recent rule covering golden parachutes and indemnification payments to institution-affiliated parties.