NCUA Reg Alert on Garnishment Rule; CARD Act Webcast
Written by Steve Van Beek
In July, NCUA issued a Regulatory Alert to credit unions discussing the recent Interim Final Rule on garnishments. Â The Interim Final Rule became effective May 1, 2011 but the Reg Alert provides a general summary of the requirements.
We discussed the garnishment issue previously here - which included a link to FAQs from Treasury.
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If you missed NAFCU's August 10 webcast on the Clarifications to the Credit CARD Act, you can still purchase the on-demand version. Â
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I'm off to Michigan for additional wedding planning activities this weekend. Â Given the weather report and flight cancellations, our return trip back to the DC area might be interesting.
Have a great weekend and stay stafe!