Measure passes state Senate; would give state-chartered credit unions same powers as out-of-state credit unions doing business there.
Washington Gov. Jay Inslee signed a new law Monday that gives state-chartered credit unions the option to pay board members.
Measure would make Washington the 11th state to allow board member pay.
Washington state credit unions were cheering what they called a legislative breakthrough – final passage of a long-sought public funds bill.
The House Banking Committee focused on oversight and trying to undo or modify some of President Obama’s initiatives while the Senate Banking Committee focused on less sweeping efforts in 2011.
Thanks to the credit union lobby, Michigan lawmakers look to be first in the nation to act next week on a non-binding resolution seeking to halt or delay the Federal Reserve's debit interchange rules.
Credit unions won a victory Thursday night when a Senate committee approved an amendment to remove a provision that would limit credit card interchange rates on government transactions.
Payday loan shops in Arizona were dealt a blow Tuesday after a state Senate Committee voted down a measure exempting the firms from an existing sunset law forcing the firms to abide by a strict 36% rate limit.
Oregon credit unions over the Presidents Day weekend cleared a key hurdle in the clash with banks over investment of public funds following passage of a key bill by the Oregon House, 44-13.
Though credit unions lost a battle over student loans in the House, they may have another chance to prevail in the Senate.