Lender*VP » credit card http://lendervp.com Driving Lending to New Heights Thu, 26 Apr 2012 18:04:34 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 New OnDemand Video: Credit CARD Act Update http://lendervp.com/new-ondemand-video-credit-card-act-update/ http://lendervp.com/new-ondemand-video-credit-card-act-update/#comments Mon, 15 Feb 2010 14:35:25 +0000 David Damstra http://lendervp.com/?p=170 Over on CU*Answers OnDemand is a new video from Audit Link titled
Credit CARD Act Update: Preparing for the February 22 Deadlines.  If you are currently using CU*BASE online credit cards, please check this video out.

Topics include:

  • Rate management and the different ways credit unions have disclosed rates to members (including fixed, fixed until you decide to change, true variable, penalty rates for delinquent members, and first year prohibitions)
  • Fair interest applications
  • Over‐limit fees
  • Grace periods
  • Member’s ability to repay
  • Timely settlement of estates
  • Prohibition on credit cards to minors
  • Changes on up‐front disclosures
  • Periodic statement changes
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