The recent Frank-Dodd bill signed into law contains 35 different rule-making provisions applicable to credit unions. In NY State Governor Patterson signed legislation last December amendments relating to foreclosure actions on home mortgage loans. The Credit Card Act, Reg Z, the Safe Act etc etc. The result is higher costs of doing business all around without adding value to our existing member relationship.
More Regulation Forthcoming
October 27, 2010
General Credit card, Credit Card Act, Credit CARD Act of 2009, Credit Union, Financial services, Mortgage loan, Rulemaking, Veto Comments Off on More Regulation Forthcoming