Fed Issues Clarifications to Reg Z Provisions that Apply to Open-end Credit Plans, Including Credit Cards
The Federal Reserve Board approved a rule amending Regulation Z (Truth in Lending) to clarify aspects of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit Card Act).
The latest news about NWCUA efforts int eh Washington State Legislature
The NCUA’s new Office of Consumer Protection became effective on february 1. In addition to its obvious consumer protection role, one division of the new office will be responsible for consumer compliance policy, program and rulemaking, fair lending examinations, financial literacy programs and more.
In a move called ‘randomization’ the Social Security Administration will change the way Social Security Numbers are issued.
With credit unions and banks aligned in their efforts to convince regulators and lawmakers to delay implementation of restrictions
on debit card interchange fees, the Federal Reserve Board has stated that any attempt to amend or delay the controversial rule is out of its hands and must start with Congress.
The latest news about NWCUA efforts in Washington D.C.
One of the most intriguing similarities among credit union management teams is their lack of awareness with regards to the wide disparity between top performing investment portfolios and bottom performing investment portfolios.
Within one week of the conclusion of the GAC, Sen. Mark Udall (D-Colo.) introduced legislation (the
Small Business Lending Enhancement Act, S509) increasing the authority of credit unions to make business
loans to their members. By the end of that week, 15 senators from both sides of the political aisle, had signed on as cosponsors.
Falling home prices, rising medical costs, and a stagnant job market are causing many families in the Pacific Northwest to struggle to keep up with their debt obligations. In this environment, bankruptcy will look like an unwanted, but increasingly attractive option.
Mark your calendar! It is time for Oregon credit unions to register for the 2011 Credit Union Day at the Capitol on Tuesday, March 29.
Our newest government agency is starting up with aâ€¦well, a tweet actually. The Consumer Financial Protection Bureau has already become a presence in social media and is offering Americans the opportunity to share suggestions, ideas, and comments — become a friend on Facebook or post a video on YouTube.
Calcoe Federal Credit Union and Horizon Credit Union were recognized at the CUNA National Awards reception last week for a fundraiser service project and financial literacy efforts.
NCUA issued a final rule regarding the display of the â€œofficial signâ€ and permanent increase in insurance coverage at $250,000.