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The Few, the Proud, the Protected — Provisions in SCRA That Financial Institutions Must Be Aware Of

Perficient

The Act was revisited frequently in the 20 th Century and became the Servicemembers Civil Relief Act in December 2003. Members of the Army and Air National Guard, provided they have been called to respond to a national emergency and their period of active duty is more than 30 days in a row. All active-duty Reserve personnel.

National 275
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U.S. Department of Education Axes Arbitration Provisions in Final Student Loan Rules

CFPB Monitor

Department of Education recently announced final regulations , effective July 1, 2023, designed to expand and improve the major student loan discharge programs authorized by the Higher Education Act. We commented on the Department’s proposed regulations when they were issued last summer.

Study 78
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CardX CEO: Ban On Card Surcharge Ban May Lead to Lower Interchange Fees

PYMNTS

As noted in this space by Karen Webster, the ban on the ban – where, now, in New York, surcharges are allowed when merchants post total prices for transactions – shows the inefficiencies of regulation that supersede card networks’ own rules governing merchant activities.

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Addressing The Symptoms Of Pharmacies’ Cash Flow Ailments

PYMNTS

This kind of small business is a dying breed: recent stats from the RUPRI Center for Rural Health Policy Analysis at the University of Iowa found more than 16 percent of independent pharmacies shuttered their doors between March 2003 and March 2018, according to Washington Post reports.

Capital 130
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Challenges to monetary policy: lessons from Medieval Europe

BankUnderground

Moreover, the national currency belongs to the people, and the state’s role is to regulate it to benefit the people. This was perhaps a necessary condition for the emergence of national money, but not a sufficient one. Medieval monetary policy operated without a central bank.

Policies 116
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Walmart May Be Looking To Sell Off Its Japanese Business

PYMNTS

Walmart has been operating in Japan for the last 16 years — a time described as “tumultuous” by the Financial Times ( FT ). Japan is the latest nation that Walmart has backed out of in the last 12 months, as its international priorities are shifting. As Walmart is refocusing its efforts in the U.S.

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Springboard to Excellence

Independent Banker

imberly Anderson, senior vice president and chief administrative officer of Cañon National Bank in southern Colorado, became her community bank’s loan compliance officer in 2003. It teaches bankers how to develop a compliance program, meet lending compliance requirements, and comply with deposit and marketing regulations.