Yearly Archives: 2024
Data Privacy Legislation Stalls in DC
Over the past few weeks, there has been a lot of activity related to the Congressional push to establish a national data privacy / data security standard that all industries would be required to meet.
New Oregon Senate Majority Leader
Sen. Kathleen Taylor helped guide the CU Act update bill through the Senate in 2023.
Oregon Advocacy Engagement
Oregon credit union advocates have been busy engaging with elected officials in their district and at events.
Gesa Credit Union Announces Addition of Two New Industry Experts to Executive Leadership Team
Gesa Credit Union recently announced the hiring of two new team members to its Executive Leadership team. Kurt Johnson and Steve Tagnolli bring several decades of experience to their new roles as Chief Financial Officer and Vice President of Home Loans, respectively.
CFPB Extends Compliance Dates for Small-Business Lending Rule
An interim rule provides lenders with more time to prepare amidst legal and regulatory changes.
TruStage™ Makes GAP Coverage Available Through the Digital Storefront Software as a Service (SaaS) Solution
Financial institutions that use the cloud version of Digital Storefront from TruStage can now offer consumers a new product — GAP. TruStage GAP coverage is designed to help eliminate the difference between how much a vehicle is worth and how much a consumer owes in the event the vehicle is totaled or stolen and not recovered.
OneAZ Awards $30,000 to Young & Empowered Women
OneAZ Credit Union and the OneAZ Community Foundation awarded a $30,000 Legacy Grant in June to Young & Empowered Women, a trailblazing organization dedicated to inspiring and uplifting female leaders in Arizona.
Wyoming Policy and Prosperity Event Presents Opportunity for CU Messaging
Advocacy doesn’t just happen during the legislature. This summer, your GoWest team and member credit unions are meeting with policymakers as often as possible.
BECU to Open New Location in White Center, Expanding South King County Community Financial Services
BECU, Washington’s largest credit union, announced in June its plans to open a new Neighborhood Financial Center (NFC) in the White Center neighborhood of Seattle this winter. The location will join more than 60 centers in supporting BECU members’ everyday financial needs.
Premier Members Credit Union Opens 19th Branch
Premier Members Credit Union opened its third Westminster location and 19th branch in June to better serve its 77,000 members in Colorado’s Front Range.
WECU Hosts Bite of Reality Events to Teach Students Real World Financial Skills
Washington-based WECU hosted two Bite of Reality events at Bellingham High School and Shuksan Middle School in Bellingham. The events saw more than 90 enthusiastic teens participate.
New Version of Warren-Cleaver Housing Legislation Not Expected to Include CRA
This is a positive step, but GoWest will continue to advocate against CRA resurfacing in this or any other legislation.
Supreme Court Strikes Down Chevron Doctrine
The doctrine provided deference to federal regulators and agencies in their interpretation of ambiguous laws.
Republicans Looking for Creative Ways to Curtail Administrative Rulemaking
This article shares several examples of pending legislation on rulemaking.
Credit Unions Deliver Candidate Support in Wyoming
This week Wyoming Credit Union’s delivered political action committee support to several candidates.
Numerica wins “Champion of Diversity” Award
Numerica Credit Union, headquartered in Washington’s Spokane Valley, was named the 2024 Champion of Diversity on June 26 at the Tri-Cities Diversity Summit.
Your Input Needed as FHFA Begins Rulemaking on FHLB Modernization
The Federal Housing Finance Agency (FHFA) appears to be initiating the start of surrounding its previously announced plans to modernize the Federal Home Loan Bank (FHLB) system as it prepares to turn 100 years old at the end of this decade.
Primary Election Night in Colorado
Credit Unions had an incredible night watching the results come in in Colorado’s primary elections.
CFPB Releases Notice of Proposed Rulemaking to Remove Medical Bills from Credit Reports
Last week, the CFPB released a Notice of Proposed Rulemaking that would significantly impact credit reporting and lending practices by amending Regulation V of the Fair Credit Reporting Act (FCRA) to remove medical debt from credit reports.
Local GWLN Sister Societies Foster Personal and Professional Development
The Global Women’s Leadership Network (GWLN) was established in 2009 by the World Council of Credit Unions with a mission to narrow inequality gaps for women, grow the pipeline of leaders, and engage with colleagues to address issues that are locally, nationally, and globally impacting women.