Banking Agencies Release Broad Proposal Targeting Credit Card Practices

tag:blogger.com,1999:blog-11017702.post-5208910928902424812008-05-09T12:00:00.000+01:002008-08-18T16:41:34.404+01:00Banking Agencies Release Broad Proposal Targeting Credit Card Practices

On May 2, 2008, the Board of Governors of the Federal Reserve System (FRB), the Office of Thrift Supervision (OTS), and the National Credit Union Administration (NCUA) released an expansive proposal to prohibit or regulate a number of practices in credit card lending. The proposal is a dramatic and expansive exercise of the Agencies’ powers to issue regulations on unfair and deceptive acts and

Quotesnoreply@blogger.com