Compliance Blog

For those of you working on Reg Z issues for the 2/22/2010 deadline, you are aware of the requirement to post your credit card agreements on your website and to submit them to the Federal Reserve.  (Note, there is a small issuer exception.)  If you haven't looked into the requirements of submitting your credit card agreements to the Fed, you'll want to view this "technical specifications document" which outlines the...well...technical specifications involved in delivering your agreements to the Fed.

In order to submit your agreement, you'll need to include your DUNS number.   A what number?

A DUNS number.   That's a Dun and Bradstreet Universal Number System number. This is a number offered by Dun and Bradstreet, a company that apparently wants to be called D&B.  Which makes me think of Dave and Busters.   Are credit unions able to get a DUNS number?  Yes.  In fact, NCUA requires that credit unions applying for technical assistance grants to have one.

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As I write this, the Washington, D.C. area is staring at a monster snow storm that is due to hit early Friday morning.  Here's the snow total estimates as of late Friday morning. 16-26 inches!

They are calling it the Snowacolypse, Snowmageddon, or my personal favorite, Kaiser Snowze. (You had to watch The Usual Suspects to get that one. )