Legal Briefs

 

Washington Department of Commerce
The Washington Department of Commerce has provided the model language for the Notice of Pre-Foreclosure Options for download from their website. This is the initial contact letter required under the Foreclosure Fairness Act. 

OCC
The OCC released Consumer Advisory CA 2011-2. This Advisory provides good information to consumers on how to avoid Card Skimming at ATMs and Other Money Machines.

The OCC published guidance on Deposit-Related Consumer Credit Products.  The proposed guidance is on safe and sound practices with products such as automated overdraft products and direct deposit advance programs.  Comments are due by July 8, 2011.

 

Questions? Contact the Compliance Hotline: 1.800.546.4465, compliance@nwcua.org.

Posted in Article Post.