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Truth in Savings

NCUA · final-rule · Published 2010-08-05 · Effective 2010-09-07 · 75 FR 47173

Document

Document number
2010-19090
Federal Register citation
75 FR 47173
CFR reference
12 CFR 707
Type
Rule
Action
Interim final rule with request for comments.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
2010-08-05
Effective date
2010-09-07

Abstract

On July 22, 2009, NCUA published a final rule amending part 707, which implements the Truth in Savings Act, and the official staff interpretations to the regulation. The final rule addressed credit unions' disclosure practices related to overdraft services, including balances disclosed to members through automated systems. This interim final rule amends part 707 and official staff interpretations to address the application of the July 2009 final rule to retail sweep programs and the terminology for overdraft fee disclosures and to make amendments that conform to the Federal Reserve Board's (Federal Reserve) final Regulation E amendments addressing overdraft services, adopted in November 2009. This rule also includes a minor technical correction to sample form B-12 for formatting purposes.

Source

Authoritative
Federal Register document
Machine
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