Regulatory & Compliance

The use of debit cards for government payments is nothing new, but the government's use of prepaid cards took a giant step into the mainstream when the U.S. Government announced it would put millions of Social Security payments on prepaid cards instead of checks.

Building on what it describes as a strong 2007, the Small Business Administration said more reforms will come in 2008.

The Federal Reserve Board named 10 new members to its Consumer Advisory Council for three-year terms and designated a new chair and vice chair of the CAC for 2008.

Gateway Metro Credit Union, a state-charted credit union since 1935, has made the switch to a federal charter.

NCUA has selected Mary Ann Woodson as its new chief financial officer effective Jan. 14, 2008.

The IRS has published a request for public comment about a potential regulation that could restrict the marketing of so-called Refund Anticipation Loans. Tax preparers offer Refund Anticipation Loans (RALs) to allow taxpayers to cash in on a tax refund without having to wait for a refund check from the...