Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CUNA comments on Feds reimbursement revisions
WASHINGTON (10/14/09)--An analysis of a final rule addressing amendments to the Federal Reserve's Regulation S, the Right to Financial Privacy Act, is now available on the Credit Union National Association's (CUNA) website. Regulation S establishes the rates and conditions under which a government agency must reimburse a financial institution for costs incurred in producing customer financial records under the Right to Financial Privacy Act. The Regulation S revision amends the personnel fees that may be charged for searching and processing document requests to $22 per hour for clerical or technical support, $30 per hour for specialized computer support, and $30 per hour for support from a manager or supervisor. These rates would be adjusted every three years, beginning on September 30, 2012. The Fed rules will become effective on July 1, 2010. For more detailed analysis of the new rules, use the resource link.


RSS print
News Now LiveWire
If you got a tax refund, put some aside, #VisionsFCU financial specialist tells @WBNGActionNews http://t.co/TuHsbeNdzb
7 hours ago
.@CUNA staff bring back "Pressing Issues" quarterly conference calls http://t.co/7XQMpcIqD1 #CUNAComply
9 hours ago
Wis. @GovScottWalker signs #creditunion regulatory relief act, @WICULeague announces http://t.co/ELcxB0Xm71
9 hours ago
.@ChartwayFCU making kids' wishes come true at Toby's Dream Foundation. See #NewsNow Thursday.
10 hours ago
Heartbleed security threat is no match for @CUNA IT team http://t.co/YUxETsfoWh
11 hours ago