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Product Update Notification - 08/03/09 Revised Audit Policy Template The update to this product is in response to the FDIC FIL-33-2009 entitled "Annual Audit and Reporting Requirements - Final Amendments to Part 363." This guidance sets forth annual independent audit and reporting requirements for insured institutions with $500 million or more in total assets. These amendments were made in light of changes in the industry, including certain sound audit, reporting, and audit committee practices incorporated in the Sarbanes-Oxley Act of 2002, and the FDIC's experience in administering Part 363. http://www.fdic.gov/news/news/financial/2009/fil09033.html Revised Fair Credit Reporting Act Policy Template Fair Credit Reporting Act Policy Template The update to this product is in response to the Joint Press Release entitled "Agencies Publish Final Rules and Guidelines to Promote Accurate Reports About Consumers." The guidance provides final rules and guidelines to promote the accuracy and integrity of information furnished to credit bureaus and other consumer reporting agencies, widely used to determine consumers' eligibility for credit, employment, insurance, and rental housing. http://www.federalreserve.gov/newsevents/press/bcreg/20090702a.htm Revised Regulation Z Policy Template The update to this product is in response to the Federal Reserve Press Release that approved an interim final rule amending Regulation Z (Truth in Lending) to require creditors to increase the amount of notice consumers receive before the rate on a credit card account is increased or a significant change is made to the account's terms. The amendments also allow consumers to reject such increases and changes by informing the creditor before the increase or change goes into effect. These provisions go into effect on August 20, 2009. http://www.federalreserve.gov/newsevents/press/bcreg/20090715a.htm What's New, Revised and Deleted Please visit the following pages of our website to review detailed subject matter regarding new and revised topics for these products: Audit Policy Template Update Details Fair Credit Reporting Act Policy Template Update Details Regulation Z Policy Template Update Details Ordering Information These products are available to purchase from Bankpolicies.com for: Audit Policy Template $375.00 - List Price - or - $125.00* - Update Price *Applies only to clients who have purchased the Audit Policy Template within the last three years including the following updates (if applicable): Audit Policy Template Update - 02/12/08 - $25.00 Audit Policy Template Update - 06/14/07 - $50.00 Fair Credit Reporting Act Policy Template $375.00 - List Price - or - $50.00* - Update Price *Applies only to clients who have purchased the Fair Credit Reporting Act Policy Template within the last three years including the following updates (if applicable): Fair Credit Reporting Act Policy Template Update - 10/24/08- $100.00 Fair Credit Reporting Act Policy Template Update - 11/28/07- $100.00 Regulation Z Policy Template $375.00 - List Price - or - $25.00* - Update Price *Applies only to clients who have purchased the Regulation Z Policy Template within the last three years including the following updates (if applicable): Regulation Z Policy Template Update - 06/22/09 - $25.00 Regulation Z Policy Template Update - 03/16/09 - $100.00 Regulation Z Policy Template Update - 08/12/08 - $75.00 Regulation Z Policy Template Update - 12/18/07 - $50.00 If you have ordered any of these products after 07/03/09 you are eligible to receive that updated product at no charge. Click here to place an order for any of these products. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price of each product (whichever applies). NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com. Find Out What's New or Revised with our Product Update Program Our Product Update Program allows existing clients to receive e-mail notifications from us the same day we issue a new or revised product. We encourage you to subscribe today for this free and convenient service. |