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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President Signs H.R. 3606 into Law
Posted by Anthony Demangone Earlier today, President Obama signed H.R. 3606 into law, which provides a technical fix for the 21-day issue by limiting its affects to credit card accounts. Let me know when you're…
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Regulation Z Proposal: Online Disclosures of Credit Card Account Agreements
Posted by Anthony Demangone First, please accept my apology for such a post on a Friday. As you ready your credit union to comply with the massive changes to Regulation Z's open-end rules, do not…
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Organizing the Compliance Information Flow; Webcasts
Posted by Steve Van Beek Wow. It has been a whirlwind of a year. The speed and complexity of the regulatory changes has been maddening. I utilize a few unique tools to help obtain and…
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Reg Z Proposal: Late Payment Disclosures
Posted by Sarah Loats Today we'll continue through the Regulation Z proposal and focus on late payment disclosures for periodic statements. For those of you familiar with the Federal Reserve's January 2009 rule, effective July…
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Tuesday Grab Bag; Group Photo from Seminar
Posted by Anthony Demangone Here's some compliance-related odds and ends. The FTC has delayed the effective date of its Red Flags rule again, this time until June 1, 2010. Remember, the FTC's version of this…
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Regulation Z Proposal: Substitute or Replacement Card Disclosures
Posted by Anthony Demangone The Regulation Z proposal tackles a number of sticky issues. The issue of substitute and replacement cards is one of them. A member may request additional features to a credit card…
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21-Day Fix on to President's Desk; Reg Z Proposal: Timely Settlement of Estates
Update by Anthony Demangone 7:55 p.m., Thursday evening I just received an email from our lobbying dynamo, Brad Thaler. Just minutes ago, the U.S. Senate passed H.R. 3606 by unanimous consent. This bill would make…
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Grab Bag
Posted by Anthony Demangone Please let me pause our Regulation Z discussion to touch upon some things that have been bouncing around my in-box. I understand how important Reg Z is, but other things continue…
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Regulation Z Proposal: 21 Day Comment Clarification; NAFCU Online Training Free Trial
Posted by Anthony Demangone When I look back on 2009, I might call this the year that lacked 6 words. Had the Credit CARD Act contained "For a credit card account under..." much of our…
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Seminar; ODP; Interest Rate Freeze?
Posted by Anthony Demangone First of all, hats off to Sarah Loats. Last week, Steve and I were in Charleston for our annual regulatory compliance seminar. While we learned, spoke and ate our way through…