NAFCU Compliance Blog
"A daily dose of legal and compliance-related information pertaining to federally chartered credit unions."
Author: Anthony Demangone is the National Association of Federal Credit Unions' senior compliance counsel.
Blawg Related Categories: Banking Law • In-house Lawyer
Recent Posts from NAFCU Compliance Blog
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Credit CARD Act: Section 106
Posted by Anthony Demangone Now, on to Section 106 of the Credit CARD Act. 21-Days, and Late Fees. As written, this section adds a new subsection to section 163 of the Truth in Lending Act.…
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Credit CARD Act - Section 109; Reg D Changes
Posted by Steve Van Beek No, we have not forgot about Section 106 and the 21-day requirement. We will be discussing Section 106 in detail in a future blog posting. Section 109 - Consideration of…
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Credit CARD Act - Sections 105, 107 & 108; NCUA LCU
Posted by Steve Van Beek Today, we are going to knock out a few smaller sections of the Credit CARD Act. Section 105 - Subprime or "Fee Harvester" Cards First off, can you tell Congress…
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Section 104; NCUA Letter to Credit Unions
Posted by Anthony Demangone I hope everyone had a nice weekend. Now, back to the Credit CARD Act daily grind. Section 104 of the Credit CARD Act does a number of things. 5 p.m. Cutoff.…
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Credit CARD Act - Section 103; NAFCU Softball
Posted by Steve Van Beek Today, we are going to turn to Section 103 of the Credit CARD Act. A quick reminder - all previous posts on the Credit CARD Act can be found under…
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Credit CARD Act - Section 102, Part 2; Global View
Posted by Steve Van Beek Anthony discussed Part 1 of Section 102 here. In addition to the sections Anthony mentioned, Section 102 of the Credit CARD Act adds: Limit on Fees Related to Method of…
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Section 102 of the Credit CARD Act, Part 1 of 2; Corporate Stabilization
Posted by Anthony Demangone Section 102 of the Credit CARD Act is a doozy, so we're going to split it in half. Double cycle billing. This section adds a new subsection (j) to Section 127…
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Credit CARD Act - Section 101, Part 2; DC Area Compliance Talk
Posted by Steve Van Beek This post is a continuation of the discussion of Section 101 of the Credit CARD Act. Part 1 of Section 101 can be found here. Restrictions on Raising APRs on…
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Credit CARD Act - Section 101, Part 1; NCUA Corporate Webinar
Posted by Steve Van Beek Welcome to the beginning of a series of in-depth blog postings looking at the Credit CARD Act and its impact on your open-end lending products. First, a couple of housekeeping…
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The Credit CARD Act of 2009 - Section by Section
On Monday, we'll begin walking you through the Credit CARD Act of 2009, section by section. We'll start at Section 101 and dance our way through Section 505. One section per day. It should be…