Oregon DCBS Announces Merging of Insurance, Finance Divisions

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.

Oregon DCBS to Hold Unimproved Property Rulemaking Hearing

The Oregon DCBS has scheduled a hearing July 1 to discuss a rule that would allow state-chartered credit unions to hold unimproved property for up to six years instead of three.

Oregon State Chartered Credit Unions Weigh in With DCBS on Occupancy Rule

The Oregon DCBS is taking steps to permanently adopt a rule allowing state chartered credit unions up to six years to partially utilize unimproved property held for future expansion. A group of state chartered credit union representatives recently served as an advisory group.

DCBS to Issue Administrative Rule in Line with Model Credit Union Act Subcommittee Recommendation

The Oregon DCBS will issue a temporary rule tomorrow concerning property use and ownership for state-chartered credit unions, one of many updates to the Oregon Credit Union Act recommended by the NWCUA’s Model Credit Union Act Subcommittee.

Oregon DCBS to Host Financial Information Seminars as Part of Money Smart Week

Oregon DCBS will host forums in April in Eugene, Portland, and Salem as part of Money Smart Week, giving consumers information and resources on insurance, Medicare, reverse mortgages, the prevention of consumer and Medicare fraud, and identity theft.

Legal Briefs

Your weekly update on the regulatory landscape.

Oregon Legislative Update: Pat Allen Confirmed as Director of Oregon DCBS

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.

Legal Briefs

Your weekly update on the regulatory landscape.

NWCUA Meets with DCBS Director Nominee Patrick Allen

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.

Governor Kitzhaber Nominates Patrick Allen to Direct DCBS

Patrick Allen, recently nominated to direct Oregon’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.

Governor Seeks to Appoint Environmentalist to Direct the DCBS

Ten months after the resignation of Oregon Department of Consumer and Business Services Director Cory Streisinger, Governor Kitzhaber is floating the name of a new candidate—environmental attorney Geoff Huntington.

DCBS Finalizes Rules on Community Charter Field of Membership

At the end of 2010, the department issued the final rule on SB 438, which was passed in 2009, clarifying regulations around field of membership.

NWCUA: Oregon’s DCBS Fee Increase Proposal Necessary—Temporarily

Oregon credit unions will likely be paying more fees than expected in 2011 to the Department of Consumer and Business Services, the primary regulator of credit unions in Oregon, due to a budget shortfall caused by market forces.

Legal Briefs March 17, 2011

Your update of the regulatory landscape.