Credit Card Conference Call Coming
NCUA has announced that it will join forces with the OTS and Federal Reserve to offer a conference call to highlight UDAP changes that affect credit card practices. Read all about it here.
The unfair credit card practices rule is intended to provide consumers with a reasonable time to pay credit card bills, fairly allocate payments to balances with different interest rates, establish certain restrictions on increasing interest rates, ban double-cycle billing, and limit the fees charged for opening an account
OTS is hosting and NCUA and the Federal Reserve are participating in a live, 2-hour briefing and call-in scheduled February 24, 2009, at 2:00 p.m.
Speakers will include April Breslaw â OTS; Benjamin Olson - Federal Reserve Board; and Moisette (Tonya) Green â National Credit Union Administration.
Â