Regulation Z Payment Processing Policy Update

$25.00

The Regulation Z Payment Processing Policy Update communicates the Board’s intent to comply with the revised Section 1026.36(c) requirements for processing payments on consumer credit transactions secured by the a consumer’s principal dwelling.

Description

Financial institutions have been implementing new regulations through board-approved policies for decades. As existing regulations are revised and new regulations are published existing polices need to be updated. Policy Updates are designed to simplify the task of updating existing policies, regardless of where the existing requirement is lodged. The Regulation Z Payment Processing Policy Update communicates the Board’s intent to comply with the revised Section 1026.36(c) requirements for processing payments on consumer credit transactions secured by the a consumer’s principal dwelling.