Legal Briefs

Your update on the regulatory landscape.

FASB Clarifies TDRs

CPA Daren B. Tanner clarifies recent changes to Troubled Debt Restructuring after FASB released a new update.

Federal Legislative Week in Review

With the retailers engaged in a 60-day grassroots campaign including a DC fly-in next week, credit unions absolutely cannot let up communications with our senators on interchange.

Oregon Legislative Week in Review

After several weeks of work behind the scenes by the Association, the Oregon credit union bill, SB 177, was passed out of committee and now heads to the next few days.

Washington Legislative Week in Review

The Washington State Legislature adjourned its special session last Wednesday after approving the $32.2 billion state operating budget, which swept $9m from DFI.

In the Spotlight: Chapter Excellence Award

This award recognizes chapters for their contributions to the success of the credit union movement in the Northwest.

NCUA Clarifies Plan for Voluntary Prepaid Assessments

In a teleconference last week, the NCUA made two key clarifications about its voluntary Corporate Stabilization prepayment program, which is currently out for comment.

Key Info for WA CUs Holding Public Deposits

DFI has scheduled a free webinar to answer questions about the application, approval, and on-line reporting process for Washington state-chartered credit unions choosing to become qualified public depositaries.

Compliance Question of the Week

Is a garnishment order written by an attorney subject to the new rules regarding protecting Federal Benefits Payments from garnishment?

Motivated to Succeed, Motivated to Purchase

Harland Clarke explains how knowing what inspires small-business owners, such as a drive for profit or a desire for work-life balance, can increase your chances of selling products to them.

New Interchange Push Needed as Senate Schedules Vote

The Association asks CUs and their members to contact senators through letters, Facebook, calls, and local town-hall meetings, a list of which are in this article.

Foundations Respond to Another Storm Through CUAid

These most recent donations take the OCUF and WCUF disaster relief to $10,500 this spring. Credit unions are asked to support efforts as well.

In the Spotlight: Advocacy Awards

Submissions for these awards, which recognize those CUs and CU professionals who helped to advance the credit union charter through political advocacy, are due on June 15.