Washington Legislative Week in Review

Governor Gregoire signed the ‘early action’ supplemental budget bill into law, cutting $367 million of the $556 million deficit.

NWCUA Call to Action-Urge Your Senator to Cosponsor the Small Business Lending Enhancement Act

We are excited to announce the introduction of the Small Business Lending Enhancement Act in the Senate. Please take a few minutes and send an email to your Senators encouraging them to support this legislation.

Washington Legislative Week in Review

Friday, March 25, was the 75th day of the state’s 105-day legislative session and the last day to consider bills from the opposite house of origin except for fiscal bills necessary to implement the budget. Bills that had not received a committee vote by the end of the day Friday are considered dead.

Fed to Host Free Webcast on Risk-based Pricing Notices

The Federal Reserve System will conduct a webcast on risk-based pricing notices on February 16. This webinar is part of an ongoing series focused specifically on consumer compliance issues.

Oregon Legislative Week in Review

Metro’s Chief Operating Officer Mike Jordan has been selected by Gov. Kitzhaber to hold the title of COO for state government and also act as the director of the Department of Administrative Services.

Rockwell Leads Outreach Efforts

In 1988 Kasey Rockwell began her credit union journey as a teller at First Tech Federal Credit Union in Beaverton, Ore., an experience that gave her a solid understanding of the important role credit unions play in the lives of everyday people.

Washington Legislative Week in Review

House Bill 1327—public funds for credit unions—has been referred to the Senate Financial Institutions, Housing & Insurance Committee.

U.S. Government Places Wall Street on Hook for $50 Billion in Corporate CU Losses

Clearly placing the nation’s financial crisis in the laps of Wall Street bankers, The National Credit Union Administration (NCUA) is threatening to sue several investment banks for their role in packaging bonds backed by poor quality mortgage securities.

Reminder: Autoland to Host Lunch & Learns Next Week

Autoland, in association with the Northwest Credit Union Association, will host a Lunch & Learn for affilliated credit unions next week.

National News: CUNA Backs SEC’s Swap Clearing Exemption

The Securities and Exchange Commission’s (SEC) proposal to exempt credit unions with under $10 billion in assets from mandatory securities-based swaps clearing requirements has the backing of the Credit Union National Association (CUNA), but CUNA would like it to go even further.

War and Regulation: David Curtis Covers his Bases with a Sword and Pencil

Nursing a few bruises isn’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.

NWCUA Expands Compliance Services

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.

Federal Legislative Week in Review

Thank you to everyone who sent emails in response to the two Action Alerts we sent out in the last two weeks.  We had a good response but have more work to do, and must strike while the iron is hot.