Treasury Says New Garnishment Rule Applies Only To Court Orders

CUs must review accounts for Federal Benefit Funds only upon receipt of a garnishment order, but there is some confusion in the rule’s definitions.

Legal Briefs

Your update on the regulatory landscape.

NWCUA Announces Partnership with OfficeMax

Under the program, credit unions order materials at a discount through the OfficeMax website, which are then delivered within one business day.

Washington Legislative Week in Review

An update on various legislations that may affect credit unions, including a foreclosure mediation update, redistricting plans, and changes to the property recording surcharge.

Federal Legislative Week in Review

We need your help on interchange again. Also, a full report on CEO John Annaloro and President Troy Stang’s meetings with the Fed, NCUA and the NW delegation.

Oregon Legislative Week in Review

The big news in Salem last week was the release of the House and Senate redistricting plans. Plus a review of various bills that could affect Oregon credit unions.

CUNA Continues to Push for Interchange Fixes

CUNA’s regulatory update includes details about interchange efforts, plus a preview of the NCUA Board meeting.

Bank on Washington Meeting Scheduled in Seattle

The meeting will help implement a statewide effort, discussing standards for accounts, reporting, and other program elements.

GAO: CFPB, Regulators Must Add to Mortgage Oversight

The GAO found that while authorities had the right to examine foreclosure activities, those activities were not looked into.

Compliance Question of the Week

Do I have to provide a Risk-based Pricing Notice with the pre-approved credit card offers we send out?

The Credit CARD Act Turns One

An analysis from Member Access Pacific claims that while the act has increased transparency for consumers and eliminated unannounced rate hikes and unreasonable overdraft fees, the regulation has been a major burden for credit unions.

WA Real Estate Lenders Must Complete Foreclosure Certificate by Saturday

Credit unions that issued fewer than 250 notices of default in 2010 are exempt from paying a fee, but must certify that they meet the exemption requirement by the due date of May 14.

Biz Kid$ Garners 3 Emmy Nominations

Biz Kid$ has stiff competition, coming up against PBS brethren Sesame Street and literacy show The Electric Company.