The clarifications relate to the Fed’s final rule and are intended to help card issuers understand their compliance obligations under changes to Regulation Z.
Though a significant portion of the new healthcare lawâ€™s rules have yet to be defined, NW Financial Employeesâ€™ Benefit Trust lays out some of the major changes.
Since January 2009, thousands of pages of regulations and rules have been issued by various agencies, including the Federal Reserve and NCUA, that credit unions must comply with.
With Congress in recess, take the opportunity to see your legislators in person and remind them of the need to stop, study, and start over with interchange regulations.
Fed Proposes Rule Under Reg. Z Pertaining to Ability to Repay Mortgage and Minimum Underwriting Standards
The proposal would apply to all consumer mortgages except home equity lines of credit, timeshare plans, reverse mortgages, or temporary loans.
The proposed rules from the Fed and the FTC will come into effective on July 21, 2011, as part of the credit score disclosure requirements in the Dodd-Frank Act.
The new partner will help credit union members purchase vehicles. Lunch & Learn sessions will be held throughout the region.
Three Northwest credit union professionals were among the graduates of the intensive, week-long Credit Union Development Education training held in Madison, Wis.
The CFPB will begin testing prototype model mortgage forms against existing laws, according to its head.
It is all interchange, interchange, interchange as state and national associations push Congress to stop the Durbin Amendment from being implemented as is. Member credit unions are being asked to use social media and mobilize their membership in the effort.
The most recent update from CUNA on Regulatory Advocacy activities.