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MESA Program Looks to Grow in NW, Helping Students Lighten Debt Load

MESA—or matched education savings accounts—allow credit unions to bridge the gap between students and educational opportunity.

Thought Leadership: Northwest States Leads the Nation in Reduction of Credit Card Debt

What has changed from 2008 through recently? Lou Grilli of Strategic Link partner CSCU shares his insights.

CFPB Considers a Proposal to Overhaul Debt Collection Market

Also, a collection of legal news from the federal regulatory arena, and this week’s compliance question, answered.

Credit Unions Answer Student Debt Need

Student debt has become Millennials’ financial Achilles’ heel. True to their mission, credit unions are aligning with Millennial members to consolidate student loans and create a path to financial strength.

Keeping America Strong: Infographic Shows How CUNA Mutual Group Protects Members and Serves Credit Unions

The interactive infographic highlights CUNA Mutual Group offerings like Debt Protection and Mortgage Payment Protection that help members weather unexpected hardships.

NCUF Releases Toolkit on Helping Members with Medical Debt

The free toolkit from the National Credit Union Foundation is available at ncuf.org.

Highlighting Convenience, Transparency Can Bring in Millennials

What do Millennials want in their financial service institutions? The good folks at NerdWallet share some key findings.

Washington Legislative Update: NWCUA Bills on the Move

Companion bills addressing credit union corporate governance and investments continue to move forward.

CUNA’s Credit Union Magazine Shares the Top 10 Issues on the CFPB’s Radar

Annual privacy notices, prepaid cards, and overdraft programs three of the CFPB’s top 10 priorities for 2015, according to Credit Union Magazine.

Compliance Center: IRS Issues Proposal to Eliminate 36-Month Non-Payment Requirement From Form 1099-C

IRS proposes change to 1099-C; joint account question; and Legal Briefs.

Congressman Heck: Credit Unions Part of the Solution

Speaking at the NWCUA’s annual Amplify Convention, Congressman Denny Heck of Washington spoke against unnecessary regulation and praised credit unions’ commitment to their members.

Filene Announces Next i³ Innovation Class

The credit union think tank’s innovation program will welcome two new participants from the Northwest.

Filene Report Finds Gen Y Struggles with Personal Finances

As financial institutions race to lure “Gen Y” consumers, a new report from the Filene Research Institute finds what that generation needs most, is what credit unions do best.

Compliance Question of the Week

If we have shares securing a debt, do we have to send them to the IRS if we receive a tax lien?

Legal Briefs

Your weekly update on the regulatory landscape.

Washington Legislative Week in Review: Dueling Budgets Cause Stalemate in State Legislature

This Washington Legislative Update explains the unexpected controversy in the Washington State Legislature, as Senate Republicans passed their version of the budget at 12:45 a.m. rather than signing the supplemental budget passed by the House.

Compliance Question of the Week

What is a discharge and when does it occur in the different bankruptcy filings?

Oregon Legislature Meets for Interim Hearings, Announces House Leadership Changes

This Oregon legislative update explains the interim hearings held last week by the Oregon Legislature. With a focus on legislation geared toward job creation and small-business support, the legislature also announced a number of changes to House leadership.