Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Texas operating electronic closed-account notification system
FARMERS BRANCH, Texas (5/7/08)--The Texas Credit Union League’s (TCUL) Compliance Council will host a conference call with the Texas Department of Banking May 14 to assist credit unions with any concerns and questions regarding the state’s newly implemented Closed Account Notification System (CANS). During the 80th Regular Session of the Texas Legislature, State Rep. Helen Giddings sponsored House Bill 2002 (LoneStar Leaguer May 6). It created an electronic notification system that requires financial institutions, upon proper request by a customer, to alert check verification entities that the customer has closed an account because of actual fraud or compromised financial information. To implement the program, every financial institution maintaining an office, branch or agency office in the state must register with the Texas Department of Banking, which is administering the program. The department had CANS operating March 1.
Other Resources

RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
1 Day ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
1 Day ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
15 minutes ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
1 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
2 hours ago