Current Issues in Credit Unions #40.

David Reed, the CU Doctor is our guest this month.  Faith, Brian, Guy, Katherine and Rob host.  Here are the topics: –Credit CARD Act ongoing madness. –Bankruptcy Cramdowns. –Speculation as to what’s going to happen on closed end loans by way of new regulations. –Big K Roundup. –Bad Debt Restructuring The CIiCU hosts are: Brian…

Credit CARD Act of 2009: The Interim Final Rules

By: Doug Hattaway, Law Clerk The Federal Reserve Board recently released the interim final rules for implementing the first wave of changes made by the Credit CARD Act of 2009. These changes are only the first step in the CARD Act’s three-stage implementation process, but they have already resulted in substantial revisions to Regulation Z—and…