The Federal Reserve Board has created a Web site for consumers to better understand the new credit card protections that took place on February 22, 2010. The protections require credit card issuers to provide greater transparency in the disclosure and terms and conditions of credit card accounts, as well as banning practices that can be harmful to consumers.
The Web site will help consumers learn more about the terms and fees of credit card offers and what will be changing on their monthly statements. Consumers will also find credit card options, interest rates, fees, a glossary of common credit terms for a helpful reference and even a list of protection laws for those interested in learning more about their rights.
The Web site will be updated regularly and is required to be on all solicitations consumers receive.
Commercial Accounts and the Unlawful Internet Gambling Enforcement Act (UIGEA)
The UIGEA was signed into law in 2006 and its intents are to restrict unlawful wagering via internet gambling sites through blocking them from making payments to finance their wagers.
Due to this law and meeting the compliance deadline of December 1, 2009, the K-State Credit Union is informing its membership that transactions that are restricted under the UIGEA are prohibited and should not be processed through theses commercial accounts.
Updated Service
Upgraded Bill Pay!
We have upgraded our Online Bill Pay Service and it's still FREE to members! Just keep in mind that you must pay at least one bill every three months to keep the bill pay service activated. For more information or to sign up today, please call 785-776-3003
