DFI Issues Request for Comments on Semi-Annual Assessment Fee Collection

Credit unions are encouraged to file comments before the October 14 cutoff regarding the proposed changes, as well as other questions or concerns about assessments.

New Round of IRS Tax Exemption Automatic Revocation Letters May be Starting

Like zombies in a B-movie that just won’t go away, Northwest credit unions are once again finding letters on their doorsteps informing them that their tax exemption is on the IRS’ list for automatic revocation.

Oregon Senate Committee Holds Hearing on Foreclosure Mediation Bill

The NWCUA is advocating for changes to a bill that would make technical updates to Oregon’s Foreclosure Avoidance Mediation Program. The legislation was heard yesterday by the State Senate’s General Government, Consumer and Small Business Protection Committee.

Compliance Question of the Week

We just found out a member has filed for bankruptcy. What should we do?

Legal Briefs

Your weekly update on the regulatory landscape.

Regulatory Advocacy Update

The NWCUA’s Regulatory Advocacy team works with state and federal regulators to help reduce the regulatory burden on credit unions and protect the credit union movement. Included here are updates on streamlined CFPB regulations and the NCUA’s suit against Wells Fargo.

Wire Fraud: Identification and Prevention

Ken Otsuka of CUNA Mutual outlines how credit unions can avoid wire fraud, which costs the system over $4 million a year.

Oregon Legislature Approves Redistricting Before End of Session

This Oregon update outlines how the Legislature approved a redistricting plan to reflect population changes in the 2010 census, the first time since 1981 that a politically divided legislature has been able to agree on a redistricting plan.