President-Elect Obama and Privacy; Reg D Indexes Updated
When a new President is elected, many wonder how the new Commander-in-Chief will change the compliance culture. What will he emphasize? Here's a great post from Brendon Tavelli at Proskauer Rose LLP that analyzes what may be on the horizon in the area of privacy. It is a very good read. According to Mr. Tavelli, we could see changes in the following areas:
We'll have to stay tuned. Changes of these sorts take time and a whole lot of cat-herding on the Hill. *** Note that NCUA issued Regulatory Alert 08-RA-04 to notify credit unions that Reg D's reserving requirement indexes have been updated for 2009.  Read all about it here.Â