Oregon Legislative Update: Possessory Liens, Prize-Linked Savings Bills Still Alive

Two major issues of interest to credit unions – possessory liens and prize-linked savings — are still alive as the Oregon Legislature enters its fourth week of a short session.

Oregon Legislators Hear State Economic Report, Explore Policy Proposals as 2014 Session Nears

The Oregon Legislature’s interim legislative committees met in Salem in November to get updates on bills passed in 2013, check up on state agencies, and explore policy proposals – including a fix for unscrupulous mechanic’s liens — for the 2014 session that starts in February.

Regulators Release Guidance on Junior Lien Loss Allowances

The four federal financial regulatory agencies issued supervisory guidance on certain ALLL estimation practices. It addresses the responsibilities of financial institution management and examiners and builds on existing supervisory guidance.