New Hampshire Employment Security (NHES) Commissioner Tara Reardon has advised that the department experienced an issue with the printing of checks issued on August 18, 2009. In error, approximately 800 duplicate checks were produced within the series of check numbers 3000562 through 3011012 and mailed to individuals in the Manchester, Nashua and Salem areas. Not all check numbers in the series experienced this issue.

 

NHES requests financial institutions, if they are presented with two duplicate checks by a payee, to please inform the payee that one of the checks is a duplicate issued in error, and ask the payee not to cash the duplicate check, and to please return the check to NHES, Attn: Deputy Commissioner’s Office, 32 South Main Street, Concord, NH 03301, or their nearest local office, whichever is more convenient for the payee. If the payee decides to cash the duplicate check, please honor both checks.

 

Questions or concerns should be addressed to the Commissioner at 603-228-4000 or Jill Revels, business administrator, at 603-229-4449.

The National Credit Union Administration (NCUA) has issued its Regulatory Alert 09-RA-07 to aid federally insured credit unions as they deal with the process of implementing the Federal Reserve's interim final rule amending Regulation Z and provisions of the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009.

 

According to the NCUA, the regulatory alert includes the Fed's "suggested temporary remedy" of providing a disclosure stating that payments received within 21 days of the mailing of the notice will not be considered late.  The Fed has said that this disclosure can be provided as a part of or alongside the usual periodic account statement.

 

Additionally, the alert summarizes portions of the new rule and provides a link to the full text of the rule, as published in the Federal Register, and the full text of the CARD Act.

 

The NCUA alert also encourages readers to "begin preparing for the remaining revisions and amendments" that will become effective in 2010.

 

For the full NCUA Regulatory Alert, use this link: NCUA Regulatory Link

 

 

 

The League is offering four highly informative remote learning sessions during the month of September. These QuickBites are interactive teleconference seminars designed specifically for credit union staff and management. They allow credit union staff to receive vital training without leaving the office and multiple employees can participate for one low fee.

 

The sessions being offered in September are:

·         Fee Income Strategies on September 1

·         Business Interruption Tips for Credit Unions on September 10

·         E-Commerce (Home Banking Systems) on September 15

·         How to Improve Your Collections Department on September 30

 

(BULLETED ITEMS SHOULD LINK TO SIGNUP4 PAGES)

 

For more information about these QuickBites please contact Kimberly Knapik at kknapik@cucenter.org