NWCUA-sponsored legislation to give state-chartered credit unions parity with federally chartered credit unions regarding mergers passed the state Senate on a unanimous vote and is now in the hands of Gov. Jay Inslee.
Northwest credit unions are urged to join their colleagues in the Spokane credit union community with in-branch petitions July 15-26. The message: why credit unions are good for consumers. The timing is critical as Congress examines tax reform.
With a goal of ending its session by early July at the latest, the Oregon Senate is working to finalize a revenue package that will pass both chambers. Meanwhile, a freshman lawmaker shares insight into the complicated process of getting legislation passed.
FinCEN issued guidance this week to help financial institutions determine whether a customer or member is eligible for exemption from CTR requirements. The guidance is updated from a 2009 version to reflect the changes finalized this month.
This Washington legislative update covers the various initiatives on the ballot in November, including tolling and privatizing liquor stores.
If the legislature is successful in completing its negotiations on two difficult issues, the special session could conclude soon. Also, an update on successful efforts to stop exam reports from becoming public.
An update on various legislations that may affect credit unions, including a foreclosure mediation update, redistricting plans, and changes to the property recording surcharge.
The Legislature is working in a special session to close the budget gap, and Governor Gregoire has yet to sign the Prize-Linked Savings bill.
The prize-linked savings bill is going to the Governor, while many tax exemption proposals are being proposed in an effort to close the budget deficit.
The budget process continued largely along party lines, against a backdrop of growing public pressure to end business tax exemptions.