Fake IRS Phone Calls Defrauding Taxpayers of Millions

Phone scam surges during tax season, tops IRS list of “Dirty Dozen” tax scams for 2015.

Scammers Targeting Oregon Taxpayers with Threatening Payment Demands

A sophisticated phone scam is targeting Oregon taxpayers during this tax season, telling victims they owe money to the IRS or Oregon Department of Revenue and demanding immediate payment via debit card or wire transfer.

CFPB Remittance Rule Improved, but Still a Disappointment to Some NW Credit Unions

The Consumer Financial Protection Bureau’s final remittance transfer rule takes effect October 28. The rule was delayed for eight months after credit unions requested more weigh in with the regulator. The NWCUA and Northwest credit unions did offer comments and while some relief was granted, the outcome isn’t all credit unions hoped for.

CFPB Issues Proposals to Remittance Transfer Rule

The CFPB is seeking comment on four proposed changes to the Remittance Transfer Rule, all of which are considered beneficial to financial institutions that will continue offering remittance transfer services.

Washington Legislature Looks to Bridge $1.5 Billion Budget Shortfall During Regular Session

The Washington State Legislature began its regular session last week, with the main task at hand being to close a roughly $1.5 billion budget shortfall. Taxes and tax exemptions continue to play a major role in the discussion.

Oregon Legislative Week in Review

The Oregon Legislature returned to work on Tuesday, Feb. 1, and Gov. Kitzhaber released his budget to mixed reviews. The Northwest Credit Union Association has been analyzing hundreds of bills to determine the impact on the state’s credit unions.