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.
The legislature adjourned its session on Friday, but not before it passed the Prize-linked Savings Bill to the Governor for her signature.
With the committee deadline cutoff passed and the Associationâ€™s bills moving forward, it is time for a quick civics lesson on how ideas become law in Salem.
The board meeting on April 21 resulted in changes to Corporate Credit Union rule, Corporate CUSO powers, and Supervisory Committee and Appeals rights. It also provided an update on the health of the NCUSIF.
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.
Autoland Solutionâ€™s president outlines various trends in the automobile market, including higher prices for Japanese cars following the tragic earthquake and tsunami.
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.
These funds will go to the Doernbecher Childrenâ€™s Hospital in support of new facilities, equipment, research, and patient programs.