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Credit Unions Voice Concern Regarding Pending Reg CC Rules


Another in a series of crucial changes authorized by the Dodd-Frank Act became effective July 21, 2011, this one requiring financial services organizations (FSOs) to begin making $200 available for withdrawal on the business day following the banking day of deposit.

More changes are coming. Many more. Last March, the Federal Reserve issued a lengthy list of proposed changes to Federal Reserve Regulation CC (Reg CC), although those stipulations are independent of the Dodd-Frank provisions.

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