The Oregon Department of Consumer and Business Services formally announced the merging of the Insurance Division and Division of Finance and Corporate Securities. Oregon credit union leaders expected the announcement and began offering input during late 2015.
This Oregon Legislative Update outlines the latest action in the current legislative session, which includes the passage of two mortgage bills out of a Senate committee and the confirmation of Pat Allen as director of the Oregon DCBS.
The NWCUA’s Regulatory Advocacy team works with state and federal regulators to help reduce the regulatory burden on credit unions and protect the credit union movement. Included here are updates on the Oregon DCBS and the CFPB.
Your update on the regulatory landscape.
Patrick Allen, recently nominated to direct Oregonâ€™s Department of Consumer and Business Services (DCBS), invites credit unions to help him truly understand their operations with the belief that regulation can be tailored to fit segments of the financial services industry.