Alert July 01, 2008

FRB Updates its Consumer Compliance Handbook

The FRB updated its Consumer Compliance Handbook. The update contains a new chapter covering Section 5 of the Federal Trade Commission Act and the joint statement on unfair or deceptive acts and practices by state-chartered banks issued by the FRB and the FDIC. It also corrects a statement in the chapter on Regulation CC regarding general exception notices. Click here for a link to the handbook.