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FinCEN Releases Cyber-Event Advisory and FAQ

The document shares more on how financial institutions have become attractive targets to criminals.

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NCUA Releases Diversity & Inclusion Checklist

FFIEC has also released a revised information security booklet. Plus, the latest Legal Briefs and your compliance question of the week.

World Council of Credit Unions Announces 2016 CU Day Theme

This year’s International Credit Union Day theme will illustrate the nine principles that separate credit unions from other financial institutions.

Compliance Center: Federal Regulators Issue Joint Statement on the New CECL Accounting Standard

New statement covers initial information on new FASB accounting standard ASU 2016-13, for estimating allowance for credit losses.

Compliance Center: FFIEC Issues Interbank Messaging and Wholesale Payment Network Advisory Statement

FFIEC recently released a statement advising financial institutions that actively manage the risks associated with interbank messaging and wholesale payment networks.

NCUA Hosting Community Development Financial Institutions Certification Webinar

The agency has partnered with the CDFI Fund in an effort to double the number of certified credit unions by year-end.

CSCU’S Solutions Conference 2016: Digital Payments in the Spotlight

The Payments Review’s Paul Castner gives a wrap-up of the 2016 CSCU Solutions Conference.

Compliance Center: Small Business Health Care Tax Credit Filing Deadline is May 15

The filing deadline to claim the Small Business Health Care Tax Credit for the 2015 tax year is coming up on May 15, which could lead to big savings for eligible small credit unions. Plus your question on the CFPB’s credit card agreement submission expiration, and this week’s legal briefs.

Compliance Center: CFPB’s Advisory on Preventing Elder Financial Exploitation

How is “financial exploitation” defined in Washington State?

US Capitol building

Congress to Cordray: Dodd-Frank Not Intended for Credit Unions, Community Banks

The majority of Congress—including a large delegation of Northwest members— agrees that the CFPB’s approach may unintentionally burden credit unions and community banks. More than 240 Members of Congress have written Director Richard Cordray to tell him so.

In Final Days of Session, Oregon Legislature Passes Marijuana Banking Legislation

The Oregon Legislature ended its 2016 session on Thursday, March 3. In the final days, legislation passed removing criminal liability from financial institutions servicing legal marijuana businesses.

NWCUA Backed Bills Advance in Oregon Legislature as Major Deadline Approaches

The Northwest Credit Union Association and member credit unions are at the table in Salem, supporting policy advancements in marijuana banking and data match legislation.

Oregon Legislative Update

The Northwest Credit Union Association is tracking several bills important to credit unions during Oregon’s Legislative session.

Governor Inslee to Address Advocates at NWCUA’s Credit Union Day at the Capitol

More than 150 advocates will be in Olympia Thursday to discuss the Credit Union Movement’s policy advancement agenda with lawmakers. Against that backdrop the NWCUA is tracking foreclosure, public funds, marijuana banking, and mortgage-related legislation.

Credit Unions’ Policy Agenda Front and Center in Oregon Legislature

With the Oregon Legislature scheduled to begin its session on February 1, the Northwest Credit Union Association is on alert, monitoring bills related to affordable housing, elder and vulnerable person abuse, the Oregon Growth Board, and student loans.

Rogue Credit Union President & CEO Gene Pelham Gives Rural Oregon a Voice on the Fed

A recent appointment to a Federal Reserve advisory council gives this busy CEO yet another chance to represent and support Northwest credit unions and their members.

Washington Legislature Gavels Into Session

The Washington State legislature began its 2016 session in Olympia Monday, with lawmakers facing a large agenda and a tight, 60-day deadline. The Northwest Credit Union Movement is at the table.

Target Agrees to $39 Million Settlement in Data Breach Suit

If approved in federal court, the settlement would earmark $20 million for the credit unions and other financial institutions that joined the class action suit.