Holiday counting and Reg Z
Holiday counting and Reg Z Federal Holidays that fall on a weekend (like Christmas and New Year’s Day do this year) always bring up questions with how financial institutions count days for various Regulation Z requirements. You may know that Regulation Z famously has TWO definitions for business day. The “Business Day” definition you use depends […]
Overdraft Programs Present Big Risks for Credit Unions
Overdraft programs present big risks for credit unions Overdraft fee programs are shaping up to be a top risk for credit unions during 2022. Any credit union that maintains an overdraft protection (courtesy pay) program should be familiar with the current risk environment. This is especially critical if the credit union relies heavily on overdraft […]
Juneteenth 2021 Effect on Compliance Disclosures – Revisited
Juneteenth 2021 Effect on Compliance Disclosures – Revisited You may recall in my previous post about the new Juneteenth holiday’s effect on compliance disclosures, I stated we only had a guess about how the 2021 holiday would affect compliance disclosure since the holiday was established (Thursday June 17, 2021) so close to the first occurrence of […]
