Compliance Blog

Aug 01, 2009
Categories: Consumer Lending

Clarification on the Same Day Requirement

Posted by Anthony Demangone

On Friday, I wrote about the Credit CARD Act requirement that due dates be on the same day of the month.

As many of you pointed out to me, that requirement only applies to credit cards.  I should have been more specific with the post, and I apologize for any confusion!  And if you are reading this on Saturday...booooo!  I've updated the post, which you can access via the link above.Â