Fed Sets Interchange Cap at 21 cents

The Federal Reserve today issued their rule on interchange. Per CUNA, the cap would allow a 21 cent charge for network, hardware, and software costs, and a 5-basis point charge to cover fraud.

Read the story here.

Fannie Mae Releases Deliquency Guidelines

Go to link to read new guidelines on mortgage deliquency released by Fannie Mae on June 23, 2011.

List of Current Acts

Click here to view a list of Acts (laws) as signed by Governor Abercrombie. This list is current to June 23, 2011.

The full list (with active links to bills) can also be accessed through the Capitol's website, by going here, scrolling to the bottom of the page, and clicking "List of Acts".

DAGS issues nonjudicial auction site memo

In response to the passage of Act 48, the Dept. of Accounting and General Services has issued their official memo regarding nonjudicial foreclosure auction site information.

Read the memo here.

End of Session Report

View the 2011 end of session report here.

Foreclosure bills update

Senate versions of the bills have been heard by House Consumer Protection and Commerce committee. Decision-making was deferred one week.

Read HCUL's testimony:

SB 651 SD2

SB 652 SD2

RPT Exemption Bill Introduced in City Council

Bill 27 would place a cap on the real property tax exemption for credit unions, and other non-profit entities.

Read HCUL's testimony here.