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August 10, 2012

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Erin

Thanks Steve for keeping us up to date. I took a quick glance at the new statement requirements (since I think I'm still suffering from the trauma of the 21 day rule from a couple years ago). Lo and behold, I found that once again the CFPB is making life miserable for all of us CUs that aggregate account statments. With the new statement timing requirements we'll either have to stop aggregating statements (extra cost) or send out payment coupons that no one wants (extra cost)

Joyce

Erin, we aggregate our account statements as well. I can assure you that we will be commenting on that aspect of the rule - along with so many other proprosed changes!

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