Mortgage Broker Targeting U.S. Service Members Will Pay Record $7.5 Million to Settle Alleged Telemarketing Violations

The FTC cracked down on a mortgage broker by imposing a multi-million dollar fine. As today’s Compliance Update details, Mortgage Investors Corporation allegedly violated the “do not call” list and misrepresented terms of its loan products.

Washington State Redistricting Commission at Apparent Impasse

Representatives from the Washington State Redistricting Commission report slow progress in the redistricting effort as the subcommittees near their Jan. 1 deadline.

Tax Review Committee Holds Fall Hearing on Tax Preferences

The Citizen Commission for Performance Measurement of Tax Preference reviewed the B&O tax exemption for interest earned on first mortgage loans by banks in its Sept. 23 meeting.

Washington State Redistricting Update

This Washington legislative update explains the timeline and policies surrounding redistricting and reapportionment of legislative and Congressional districts.

Compliance Question of the Week

What is the difference between the FACT Act rules for risk based pricing notices published by the Federal Reserve board (12 CFR 222) and those by the Federal Trade Commission (16 CFR 640)?

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.

Bank on Washington Meeting Scheduled in Seattle

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