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May 09, 2008 |
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FACT Act proposal out on risk-based pricing
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A proposed rule on risk-based pricing notices under the Fair and Accurate Credit Transactions Act—the provision under this law awaiting rulemaking—was released for a 90-day comment period Thursday by the Federal Reserve Board and Federal Trade Commission.
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Paulson talks stimulus, touts economy’s resiliency
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Treasury Secretary Henry Paulson was in Kansas City, Mo., Thursday to mark the first day of mass-production for the economic stimulus checks and used the appearance to address concerns about the economy.
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Treasury still wants input on financial literacy work
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Treasury is still accepting comments on financial literacy issues outlined by the President’s Advisory Council on Financial Literacy created in January to augment the work of the Financial Literacy and Education Commission.
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Credit union CEO defends tax exemption
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Cary Anderson, president and CEO of LA DOTD FCU, defended the credit union tax exemption, noting in a letter published May 5 by an online news service that it has not hindered banks’ profits.
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