Articles by Michael McLain

The Interaction of SCRA and Reg Z

SCRA’s interest-rate limitations trigger requirements under Truth in Lending and Reg Z.
The first thought a CU has when it learns a member is in the military or is about to go on active  duty is that it will have to comply with the Servicemembers Civil Relief Act.
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Court OKs Up-Front Card Fees

But fees are still limited during the first year following account opening.
The original rule regarding the limitation of fees during the first year after an account is opened remains in place and credit unions should continue to comply with it.
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