Grab Bag
Posted by Anthony Demangone
For those working on Regulation Z issues, you're probably aware of this upcoming requirement:
Proposed ç 226.7(b)(12)(iv)(A) provides that a card issuer must provide through the toll-free telephone number disclosed pursuant to proposed ç 226.7(b)(12)(i)(E) or (ii)(E) the name, street address, telephone number, and Web site address for at least three organizations that have been approved by the United States Trustee or a bankruptcy administrator pursuant to 11 U.S.C.  111(a)(1) to provide credit counseling services in the state in which the billing address for the account is located or the state specified by the consumer.
Wouldn't it be great if a web site existed that organized all of these approved organizations by state? Â It does, right here.Â
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Remember that member business lending webinar hosted by NCUA?  It is now available on NCUA's website.   As much as I love the webinar, I really love the fact that NCUA has posted a series of 49 Questions and Answers to go with it.  All of the Q and A's deal with MBL issues.  You know I love me some FAQs.
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The Fed has published its most recent issue of its Consumer Compliance Outlook.  As usual, it is a very good read.  There's an article on E-SIGN. (Read it.) Payroll cards.  (Read it.)  And a fantastic grouping of consumer-compliance-related resources.  (Read it. Love it.  Live it.)  And there's more.  (Read that, too.)
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Have a great weekend, everyone!