X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

RANCHO CUCAMONGA, Calif. – The California Credit Union League, in conjunction with its business partner, The Law Offices of Thomas H. Wolfe, P.C., will provide the required disclosure language for credit unions in California and Nevada offering an overdraft protection or courtesy pay program. The language will be prepared according to parameters set up by the individual credit union’s program policy. The language may be published in a brochure, included in the institution’s Truth in Savings disclosure materials, or provided as an addendum to the credit union’s Truth in Savings disclosure. “This new service will help ensure that credit unions who offer an overdraft, or courtesy pay program can do so knowing they are in full compliance,” said Thomas Wolfe. “The language is in compliance with the recent joint guidance on overdraft programs issued by the federal agencies that govern financial institutions, including the National Credit Union Administration.” For more information on the new service, contact League Business Development Representative Tony Magnon at (800) 472-1702, ext. 3297.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.