Compliance Question of the Week: 12-27-11

Do we have to pay dividends on dormant or inactive accounts?

Washington Credit Unions Express Interest in Launching Prize-Linked Savings Programs

A survey of Washington credit union CEOs revealed 12 interested in offering prize-linked savings programs to members by early 2012. An “Idea Exchange” at the NWCUA’s Convention and Annual Business Meeting will provide more information for industry leaders.

Compliance Question of the Week

What is the difference between the FACT Act rules for risk based pricing notices published by the Federal Reserve board (12 CFR 222) and those by the Federal Trade Commission (16 CFR 640)?