Compliance Blog

Written by Steve Van Beek

I don't know about you - but I'm pretty sure my caffeine intake has increased 100% since Dodd-Frank was signed into law. But, why have I been limiting myself to coffee when there are "wired waffles"?

"One pack of this gum is like having four cups of coffee in your pocket. Caffeine is even being added to jelly beans, marshmallows, sunflower seeds and other snacks for its stimulant effect. Meanwhile, “energy drinks” with caffeine are being aggressively marketed, including to young people. An instant oatmeal on the market boasts that one serving has as much caffeine as a cup of coffee, and then there are similar products, such as a so-called “wired” waffle and “wired” syrup with added caffeine. The proliferation of these products in the marketplace is very disturbing to us."

And, jelly beans and marshmallows. So, who is disturbed? The Food & Drug Administration and they are looking at regulating the addition of caffeine to certain products.

The Circle of Regulation: So, we have regulations which cause compliance officers to need caffeine, someone invents the "wired waffle" and the FDA thinks additional regulations might be the answer. Anyway, now I'm just hungry for waffles.  

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NAFCU Member Call-In. NAFCU members - be sure to register for NAFCU's June 13 Member Call-In at 3:30 EDT. We'll be providing the latest legislative, regulatory, compliance and economic information your credit union needs. The call is free, but you must register.

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