Legal Briefs

Your update on the regulatory landscape.

Falling Credit Scores, Demographics Changing the Automarket

Autoland Solution’s president outlines how changing demographics are affecting the automarket and your credit union.

Breaking: Oregon Congressman Resigns After Pressure from Leadership

David Wu’s announcement comes after allegations of improper relations with a contributor’s daughter.

NCUA Stings NW CUs with Early Redemption of Corporate CDs

Northwest credit unions will lose millions of dollars in interest income as the result of the forced early redemption of term certificates deposited in WesCorp.

Key Drafter of Dodd-Frank: Act Will Level Playing Field

Michael Barr, a former Treasury staff who helped to draft the Dodd-Frank Act, will speak at this year’s Convention about the effect of the new law and other legislative overhauls that will change the financial system.

The Corner Office: Reflections on Dodd-Frank

Oregonians CEO Chuck Garner says he and his credit union have many concerns about the unintended consequences of the Dodd-Frank Act, which was signed into law one year ago.

Western CUNA Management School Celebrates Streifel, NW Graduates

Woodstone’s Susan Streifel was recognized with the Jim Likens Alumni Award, while 13 NW professionals were part of the Class of 2011.

MountainCrest Credit Union CEO to Retire

Bob Schumacher’s 34-year credit union career began with CUNA and Affiliates in 1977, and included stops at the Florida and Washington Credit Union Leagues.

NWCUA Gets Regulators to Drop Controversial Proposal from Agenda

At the Association’s urging, the NCUA chairman pulled a net worth and equity ratio proposal from consideration at the July meeting in order for additional comment and review by the agency.

Compliance Question of the Week

Can I charge any fees due to dormancy or inactivity, or stop paying interest on a dormant account?

Tips on Securing Confidential Data Internally and Across the Supply Chain

Harland Clarke explains how financial institutions can better protect themselves against ongoing security threats, while maintaining trust relationships with members and third-party vendors.

Quarter of NW Banks Problematic, say Rating Agencies

Bauer Financial and Highline Financial found that 26 percent of Washington-based banks and 20 percent of Oregon-based banks are considered problematic or troubled.

Little Movement on Deficit Deal, Yet

This federal legislative update covers the deficit wrangling in Washington, DC as officials scramble to reach an agreement ahead of the August 2 deadline.