Just when you thought the business of issuing credit cards couldn't become more complicated, Military Lending Act restrictions enter the picture. Designed to protect our nation's active-duty service members from onerous interest rates, the MLA also applies to family members of military personnel, including those on active guard or active reserve duty.

Although the majority of the expanded MLA went into effect Oct. 1, 2016, credit cards were exempt for the first year. That year is about up. There are several important factors credit union cards teams should consider as the MLA credit card restrictions go into effect on Oct. 3, 2017.

It's important for credit unions to know the requirements of the rule are complex and will be difficult to translate into operational processes. In other words, if you haven't designated an individual or partnered with a consultant to get your arms wrapped around the rule, now is the time.