Details:

Publisher's site:
https://www.fdic.gov/
Corporate Authors:
Federal Deposit Insurance Corporation (FDIC)
Description:
On November 6, 2009, President Obama signed the Credit CARD Technical Corrections Act of 2009, which narrowed the scope of application of the Credit CARD Act's requirement that creditors mail or deliver periodic statements at least 21 days before the payment due date to credit card accounts only. Previously, this requirement applied to all forms of open-end credit, including home equity lines of credit. This Financial Institution Letter (FIL) updates the information provided in FIL-44-2009, "Regulation Z – Open-End Credit Changes," by notifying bankers of this statutory change and providing additional guidance on how to provide the required advance notice of change(s) in interest rates or other significant terms.
Content Notes:
FIL-44-2009
Subject:
[+]
Consumer Protection
Dataset Download URL:
https://www.fdic.gov/news/financial-institution-letters/2009/fil09074.html
Format:
PDF
Release Date:
12/23/2009
Update Date:
11/26/2018
Withdrawn Date:
12/01/2018
Agencies Involved:
Federal Deposit Insurance Corporation (FDIC);Board of Governors of the Federal Reserve System;
Fdic Employee Involved:
Sandra L. Thompson;Deirdre Foley;Denise Beiswanger;
Law Involved:
Credit CARD Technical Corrections Act of 2009
Related Regulation:
12 C.F.R. 226
Source:
FDIC Website
Memorandum To:
FDIC-Supervised Banks (Commercial and Savings)
FIL Number:
FIL-74-2009
Main Document Checksum:
[+]
urn:sha256:4b2d79477679a43fc3b3aa6031b52e381c6aa332ab3549116e0a3d5f36e2917b
Download URL:
https://archive.fdic.gov/view/fdic/7243/fdic_7243_DS1.pdf
File Type:

Supporting Files

• 	74 Fed. Reg. 54124	pdf
  	74 Fed. Reg. 36077	pdf

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