The mandatory compliance date for the loan originator compensation rules is April 1, 2011.Â The rules are designed to protect mortgage borrowers from unfair or abusive lending practices that can arise from certain loan originator compensation practices.
In March the NCUA Board issued a proposed amendment to Part 741 that would require certain federally insured credit unions to have a written policy to address interest rate risk management, as well as an effective IRR program for successful asset liability management.
The latest news about NWCUA efforts in the Washington State Legislature
Northwest credit unions made it on to a distinguished top-10 list recently for the number of its credit unions operating in-school branches. Ranked seventh and ninth, respectively, Oregon boasts eight credit unions operating branches in 34 schools, while there are nine Washington credit unions operating branch offices in 25 schools across the state.
Faced with significant pushback from credit unions and consumer advocates, Congress appears ready to re-evaluate regulations on interchange policies that would cost our members and all consumers higher fees on debit card transactions.
Members and employees of the Colorado based Bellco Credit Union are all smiles this week after the credit union received three IRS checks totaling over $291,000 as the result of the favorable outcome of their legal challenge to UBIT.
The National Credit Union Administration in its Regulatory Alert No. 11-RA-02 is reminding credit unions that engage in residential mortgage lending of their 2011 reporting obligations under the Home Mortgage Disclosure Act.
The latest news about NWCUA efforts in Washington D.C.
The Central Oregon Chapter of Credit Unions will hold its spring meeting on Thursday, April 14, at the Comfort Inn, Bend, Ore.
News and information about the happenings within the Northwest credit union movement
Find what your credit union can do in this changing environment to protect your board and implement good governance practices by Joining CUNA Mutual Group in Federal Way, Wash., or Lake Oswego, Ore.
In a Letter to Federal Credit Unions, the National Credit Union Administration said an FCU’s board can, with some limitations, delegate to its CEO the authority to hire, fire, and compensate subordinate employees, including other management personnel.