The House tomorrow is scheduled to take up a measure that would give credit unions and other financial institutions more flexibility on providing notification to consumers about non-credit card accounts.
At issue, is a provision of the Credit Accountability Responsibility and Disclosure Act, which took effect on Aug. 21, that requires statements on open-end accounts be delivered 21 days before they are due. Some credit unions have said they are facing logistical and other obstacles that are making compliance difficult.
The House is scheduled to consider the bill under the "suspension calendar," which is reserved for non-controversial issues, and those measures are usually passed by voice vote.
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