July 23, 2010 The new financial reform law includes some changes that will impact our members immediately. These changes include:
- The NCUSIF deposit insurance amount is permanently changed to $250,000.
- Merchants and retailers may impose a minimum purchase requirement if you want to pay with your debit card or credit card. The minimum purchase amount cannot be more than $10.00.
- Merchants and retailers may offer discounts based on the payment method used by the consumer. The best example of this is a gas station that offers a discount if you pay with cash rather than your debit card or credit card or a check.
|
