After 32 intense days, the Oregon legislature adjourned March 3. In spite of a short session, some legislation of interest to credit unions passed. Now the focus is on preparing for 2017.
Northwest Credit Union Association-backed bills on credit freezes, foreclosure, and mortgage fraud are progressing in the Washington legislature. Expect to see a flurry of activity in the final three weeks of the session.
As the Washington Legislature begins its second week, get an insider’s look at the policy advancement strategy for credit unions.
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.
The easiest New Year’s resolution to keep is taking control of your personal finances. Credit union membership can save you hundreds.
As Congress heads back to work and the Washington and Oregon legislatures prepare to gavel in, Anthem notes 2015 successes and looks toward to 2016.
Oregon Senators Merkley and Wyden and Representative Blumenauer held a news conference at Rivermark Community Credit Union to call attention to the near impossibility credit unions face banking legal marijuana business. They scored the attention of all major Portland media outlets.
The Washington State Legislature is just past the midway point of its 105-day session. A flurry of activity in the last week impacts some legislation of interest to credit unions.
NCUA Director Rick Metsger announced support for Supplemental Capital in an address to Massachusetts credit unions this week. As well, he reiterated regulator plans to significantly review and adjust the proposed risk-based capital rule.
As Washington’s politically divided Legislature enters the third week of its 60-day session, the Northwest Credit Union Association is keeping a close watch on bills of interest to its members. Here’s what’s currently on the NWCUA’s radar.
Oregon Governor John Kitzhaber has signed SB 520 into law. The measure updates the Oregon Credit Union Act.
With the updated Washington Credit Union Act scheduled to take effect July 28, the next step is for the state regulators to establish a work plan and define the rules for certain provisions in the law. One key priority is defining “reasonable” director compensation. That process moves forward June 20.
Federal legislation that would increase credit unions’ member business lending cap has been reintroduced in the Senate.
A bill that would amend the Gramm-Leach-Bliley Act by eliminating costly and repetitive privacy notice mailing requirements passed the House of Representatives Tuesday, marking another step toward lessening the compliance burden.
More than 230 Northwest credit union advocates hiked the Hill in Washington, D.C., this week for face-to-face meetings with 13 of the region’s congressional representatives and all four U.S. senators. The messages: protect our cooperative tax structure, pass MBL and supplemental capital, and reduce our regulatory burden.
The Senate bill to extend the TAG program for banks was defeated this morning, earning only 50 of the needed 60 votes. The vote comes two days after the Senate voted unanimously in favor of a bill that provides regulatory relief around ATM disclosure requirements.
“Sen. Harry Reid introduced a TAG bill Monday night and is looking to expedite it to the Senate floor for a vote,” said Jennifer Wagner. “It looks like he is putting into motion a scenario where our MBL bill and the TAG Bill may be merged together to help ensure passage of our priority legislation.”
Twenty-six northwest credit unions are at or managing to the member business lending cap as credit union advocates prepare for another visit to Congress next week. With more than 140,000 new jobs possible in the first year, passing the Small Business Lending Enhancement Act could be just the ticket a divided Congress could agree on.