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WA DCU Issues Bulletin on Powers of Attorney in Vehicle Loan Transactions

The bulletin alerts credit unions that the Washington Department of Licensing (DOL) will not accept powers of attorney executed by a credit union employee on behalf of a member.

Recent Circuit Court of Appeals Ruling Vacates U.S. DOL’s MLO Administrator Interpretation

A recent court decision vacates the Department of Labor’s Administrator Interpretation on Mortgage Loan Originators. The weekly Compliance Report has details.

Most Mortgage Loan Officers Must be Paid Overtime

A U.S. District judge in Washington, D.C., recently upheld the DOL administrative interpretation that says mortgage loan officers are not exempt from overtime under the Fair Labor Standards Act, a ruling that will impact many credit unions.

Washington Department of Licensing Teams with NWCUA for In-Depth Training

The upcoming Washington State Vehicle & Vessel Titling Seminar offers credit unions an opportunity to streamline state titling procedures through a training facilitated by experts from the state’s Department of Licensing.