Posted by Anthony Demangone
For those of you working on Reg Z issues for the 2/22/2010 deadline, you are aware of the requirement to post your credit card agreements on your website and to submit them to the Federal Reserve. (Note, there is a small issuer exception.) If you haven't looked into the requirements of submitting your credit card agreements to the Fed, you'll want to view this "technical specifications document" which outlines the...well...technical specifications involved in delivering your agreements to the Fed.
In order to submit your agreement, you'll need to include your DUNS number. A what number?
A DUNS number. That's a Dun and Bradstreet Universal Number System number. This is a number offered by Dun and Bradstreet, a company that apparently wants to be called D&B. Which makes me think of Dave and Busters. Are credit unions able to get a DUNS number? Yes. In fact, NCUA requires that credit unions applying for technical assistance grants to have one.
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NAFCU Members: We've updated the Reg Z Overview document, adding a section on "subsequent disclosures."
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As I write this, the Washington, D.C. area is staring at a monster snow storm that is due to hit early Friday morning. Here's the snow total estimates as of late Friday morning. 16-26 inches!
NAFCU's Offices are closing at 1:30 p.m. today, as we follow the Federal Government's lead on snow closings. Please be patient with our response times.
They are calling it the Snowacolypse, Snowmageddon, or my personal favorite, Kaiser Snowze. (You had to watch The Usual Suspects to get that one. )
Have a great weekend, everyone.
I apologize for all the times I mocked DC for shutting down when it snowed 2 inches. Stay safe!
Posted by: Geoff | February 05, 2010 at 11:20 AM
Reg Z makes me feel like a DUNS most of the time.
Posted by: Jason Clarke | February 08, 2010 at 10:28 AM