REGULATORY ACTIONS AFFECTING COMPLIANCE & OPERATIONS FOR CREDIT UNIONS
April 17, 2020
On April 3rd, we sent you a Special Alert with an overview of various federal and state regulatory actions issued in response to the COVID-19 pandemic compiled by Farleigh Wada Witt.
Over the last 2 weeks there has been a continued stream of state and federal actions impacting credit unions. We have updated our overview of the various actions affecting compliance and operations for credit unions. Our Updated Special Alert Overview is linked below.
Farleigh Wada Witt is the premier credit union law firm in the Pacific Northwest. Brian Witt, Hal Scoggins and Kelley Hodney have extensive experience in credit union governance issues and member meetings. If you need further guidance for your credit union please contact us at 503.228.6044 orbwitt@fwwlaw.com, hscoggins@fwwlaw.com or khodney@fwwlaw.com.
Brian Witt represents credit unions and CUSOs on corporate, operational, compliance, executive compensation and financial service delivery matters. Practicing law for more than 30 years, Brian has vast experience working with credit unions at all levels from the teller line to the Board room. Brian has developed extensive compliance resources for member response management, vendor management and contract review, information security programs, security response guidelines, online delivery of financial services, and credit union consumer and business lending.
Hal Scoggins has been providing legal advice to credit unions since 1991, focusing on state and federal regulatory compliance, deposit and lending operations, contract and business matters, corporate governance, CUSOs, and all other aspects of financial service delivery. He frequently conducts seminars on legal matters for the Northwest Credit Union Association, Credit Union National Association councils, local chapters, and other trade groups.
With a background in banking and business, Kelley Hodney brings considerable experience and working knowledge in the areas of consumer and commercial law relevant to assisting financial service providers on matters related to legal compliance, and creditors' rights litigation. She monitors regulatory changes and legislation at the federal level and in Oregon, Washington, and California that affects financial service providers.
The contents of this publication are intended for general information only and should not be construed as legal advice or opinion on specific facts and circumstances.
